Living in Deposit, New York
Cost of living, income, home prices, rent and demographics of Deposit · Census data 2020–2024
Deposit has 1,424 residents with a median age of 48.2. The median household income is $48,214 (44% lower than the New York median), the median home value is $118,500, the median rent is $717/month.
Deposit is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Deposit at a glance
- Population
- 1,424
- Median age
- 48.2State: 39.8
- Median household income
- $48,214State: $85,974
- Median home value
- $118,500State: $423,800
- Median rent
- $717/moState: $1,621
- Homeowners
- 63.3%
- Bachelor's degree or higher
- 14.1%
- Average commute
- 22 min
Is Deposit a good place to live?
Pros: Home values 72% lower than the state median; an average commute of 22 minutes; unemployment of 3.1%.
Cons: Median household income 44% lower than the New York median; a poverty rate of 27.8%.
The weather is best in June to September.
Cost of living in Deposit
Housing is the biggest part of the cost of living. In Deposit the median home value is $118,500, 64% lower than the U.S. median. Renters pay a median of $717 per month, which is 34.2% of household income. Homeowners with a mortgage pay $1,359 a month in housing costs.
Deposit median household income
The median household income in Deposit is $48,214 and the income per person is $31,214. 27.8% of residents live below the poverty line (New York: 14%).
Housing in Deposit: homes for sale and rent
- Housing units
- 955
- Owner-occupied
- 63.3%
- Renter-occupied
- 36.7%
- Vacant
- 28.6%Includes seasonal homes
- Median year built
- 1941
- Average household size
- 2.09
Deposit demographics
- Population
- 1,424
- Median age
- 48.2
- Under 18
- 20.3%
- 65 and older
- 22.9%
- Households
- 682
- Foreign-born
- 3.7%
- Veterans
- 8%Adults 18+
Hispanic or Latino can be of any race. Population history of Deposit ›
Education in Deposit
14.1% of adults 25 and older in Deposit have a bachelor's degree or higher (New York: 40.2%), and 5.5% have a graduate or professional degree.
Jobs and commute in Deposit
- Unemployment rate
- 3.1%State: 6.4%
- Average commute
- 22 minState: 33 min
- Work from home
- 16.4%
- Drive alone
- 62.8%
- Public transit
- 0%
- Walk to work
- 13.7%
- Homes with broadband
- 91.8%
Deposit vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Deposit | 1,424 | $48,214 | $118,500 | $717 |
| Scott | 434 | $60,795 | $229,500 | $775 |
| Harmony | 399 | $59,375 | $112,500 | $956 |
| Lanesboro | 669 | $35,000 | $112,200 | $1,094 |
| Hancock | 745 | $51,765 | $150,000 | $958 |
| Windsor | 1,128 | $72,794 | $138,800 | $600 |
| Starrucca | 171 | $70,278 | $156,300 | — |
| Oakland | 527 | $54,625 | $95,600 | $738 |
| Afton | 1,225 | $37,031 | $115,600 | $800 |
More for people moving to Deposit
Deposit ZIP code ›Weather and climate ›Living in Deposit: FAQ
What is the median household income in Deposit, NY?
The median household income in Deposit is $48,214, 44% lower than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Deposit?
The median home value in Deposit is $118,500, compared with $423,800 in New York.
How much is rent in Deposit?
The median gross rent in Deposit is $717 per month, about 34.2% of household income.
Is Deposit, NY a good place to live?
Pluses: home values 72% lower than the state median; an average commute of 22 minutes; unemployment of 3.1%. Minuses: median household income 44% lower than the New York median; a poverty rate of 27.8%.
What is the median age in Deposit?
The median age in Deposit is 48.2 years (New York: 39.8).
How long is the commute in Deposit?
The average commute to work in Deposit is 22 minutes; 16.4% of workers work from home.
What is the unemployment rate in Deposit?
The unemployment rate in Deposit is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Deposit?
14.1% of adults in Deposit have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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