Living in Lake Mohegan, New York
Cost of living, income, home prices, rent and demographics of Lake Mohegan · Census data 2020–2024
Lake Mohegan has 5,468 residents with a median age of 43.3. The median household income is $162,321 (89% higher than the New York median), the median home value is $503,000, the median rent is $2,875/month.
Lake Mohegan at a glance
- Population
- 5,468
- Median age
- 43.3State: 39.8
- Median household income
- $162,321State: $85,974
- Median home value
- $503,000State: $423,800
- Median rent
- $2,875/moState: $1,621
- Homeowners
- 77.1%
- Bachelor's degree or higher
- 58.6%
- Average commute
- 40 min
Is Lake Mohegan a good place to live?
Pros: Median household income 89% higher than the New York median; unemployment of 4%; a poverty rate of 6.1%.
Cons: Home values 19% higher than the state median; an average commute of 40 minutes.
The weather is best in May–June and August–September.
Cost of living in Lake Mohegan
Housing is the biggest part of the cost of living. In Lake Mohegan the median home value is $503,000, 51% higher than the U.S. median. Renters pay a median of $2,875 per month, which is 18.4% of household income. Homeowners with a mortgage pay $3,644 a month in housing costs.
Lake Mohegan median household income
The median household income in Lake Mohegan is $162,321 and the income per person is $67,764. 6.1% of residents live below the poverty line (New York: 14%).
Housing in Lake Mohegan: homes for sale and rent
- Housing units
- 2,183
- Owner-occupied
- 77.1%
- Renter-occupied
- 22.9%
- Vacant
- 3.8%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.53
Lake Mohegan demographics
- Population
- 5,468
- Median age
- 43.3
- Under 18
- 18.6%
- 65 and older
- 18.8%
- Households
- 2,099
- Foreign-born
- 12.3%
- Veterans
- 3.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Mohegan ›
Education in Lake Mohegan
58.6% of adults 25 and older in Lake Mohegan have a bachelor's degree or higher (New York: 40.2%), and 25.4% have a graduate or professional degree.
Jobs and commute in Lake Mohegan
- Unemployment rate
- 4%State: 6.4%
- Average commute
- 40 minState: 33 min
- Work from home
- 11.7%
- Drive alone
- 71.2%
- Public transit
- 12.9%
- Walk to work
- 1.5%
- Homes with broadband
- 98.8%
Lake Mohegan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Mohegan | 5,468 | $162,321 | $503,000 | $2,875 |
| Shrub Oak | 2,498 | $172,778 | $515,200 | $1,194 |
| Crompond | 2,418 | $209,569 | $619,400 | — |
| Jefferson Valley-Yorktown | 14,154 | $157,083 | $591,800 | $2,106 |
| Peekskill | 25,625 | $85,954 | $395,600 | $2,036 |
| Yorktown Heights | 1,966 | $186,961 | $618,400 | — |
| Shenorock | 1,558 | $127,180 | $472,800 | $2,417 |
| Buchanan | 2,397 | $128,218 | $525,500 | $1,953 |
| Lincolndale | 1,323 | $234,417 | $582,200 | — |
More for people moving to Lake Mohegan
Lake Mohegan ZIP code ›Weather and climate ›Living in Lake Mohegan: FAQ
What is the median household income in Lake Mohegan, NY?
The median household income in Lake Mohegan is $162,321, 89% higher 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 Lake Mohegan?
The median home value in Lake Mohegan is $503,000, compared with $423,800 in New York.
How much is rent in Lake Mohegan?
The median gross rent in Lake Mohegan is $2,875 per month, about 18.4% of household income.
Is Lake Mohegan, NY a good place to live?
Pluses: median household income 89% higher than the New York median; unemployment of 4%; a poverty rate of 6.1%. Minuses: home values 19% higher than the state median; an average commute of 40 minutes.
What is the median age in Lake Mohegan?
The median age in Lake Mohegan is 43.3 years (New York: 39.8).
How long is the commute in Lake Mohegan?
The average commute to work in Lake Mohegan is 40 minutes; 11.7% of workers work from home.
What is the unemployment rate in Lake Mohegan?
The unemployment rate in Lake Mohegan is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Mohegan?
58.6% of adults in Lake Mohegan 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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