Living in Millwood, New York
Cost of living, income, home prices, rent and demographics of Millwood · Census data 2020–2024
Millwood has 1,083 residents with a median age of 50.9. The median household income is $205,083 (139% higher than the New York median), the median home value is $784,400, the median rent is $3,501/month.
Millwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Millwood at a glance
- Population
- 1,083
- Median age
- 50.9State: 39.8
- Median household income
- $205,083State: $85,974
- Median home value
- $784,400State: $423,800
- Median rent
- $3,501/moState: $1,621
- Homeowners
- 76.6%
- Bachelor's degree or higher
- 81.7%
- Average commute
- 37 min
Is Millwood a good place to live?
Pros: Median household income 139% higher than the New York median; a poverty rate of 4.5%.
Cons: Home values 85% higher than the state median; an average commute of 37 minutes.
The weather is best in June to September.
Cost of living in Millwood
Housing is the biggest part of the cost of living. In Millwood the median home value is $784,400, 136% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 34.1% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Millwood median household income
The median household income in Millwood is $205,083 and the income per person is $80,981. 4.5% of residents live below the poverty line (New York: 14%).
Housing in Millwood: homes for sale and rent
- Housing units
- 489
- Owner-occupied
- 76.6%
- Renter-occupied
- 23.4%
- Vacant
- 6.5%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.37
Millwood demographics
- Population
- 1,083
- Median age
- 50.9
- Under 18
- 20.6%
- 65 and older
- 21%
- Households
- 457
- Foreign-born
- 17%
- Veterans
- 0.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Millwood ›
Education in Millwood
81.7% of adults 25 and older in Millwood have a bachelor's degree or higher (New York: 40.2%), and 50.5% have a graduate or professional degree.
Jobs and commute in Millwood
- Unemployment rate
- 0%State: 6.4%
- Average commute
- 37 minState: 33 min
- Work from home
- 23.1%
- Drive alone
- 58.2%
- Public transit
- 10.3%
- Walk to work
- 0%
- Homes with broadband
- 97.6%
Millwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Millwood | 1,083 | $205,083 | $784,400 | $3,501 |
| Mount Kisco | 10,737 | $96,534 | $478,300 | $1,494 |
| Chappaqua | 3,046 | $241,432 | $781,100 | $2,374 |
| Pleasantville | 7,371 | $136,406 | $824,200 | $2,058 |
| Yorktown Heights | 1,966 | $186,961 | $618,400 | — |
| Briarcliff Manor | 7,519 | $229,732 | $880,300 | $2,433 |
| Ossining | 26,950 | $103,573 | $449,100 | $2,154 |
| Croton-on-Hudson | 8,202 | $191,678 | $712,900 | $2,274 |
| Thornwood | 4,140 | $170,398 | $650,400 | $2,550 |
More for people moving to Millwood
Millwood ZIP code ›Weather and climate ›Living in Millwood: FAQ
What is the median household income in Millwood, NY?
The median household income in Millwood is $205,083, 139% 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 Millwood?
The median home value in Millwood is $784,400, compared with $423,800 in New York.
How much is rent in Millwood?
The median gross rent in Millwood is $3,501 per month, about 34.1% of household income.
Is Millwood, NY a good place to live?
Pluses: median household income 139% higher than the New York median; a poverty rate of 4.5%. Minuses: home values 85% higher than the state median; an average commute of 37 minutes.
What is the median age in Millwood?
The median age in Millwood is 50.9 years (New York: 39.8).
How long is the commute in Millwood?
The average commute to work in Millwood is 37 minutes; 23.1% of workers work from home.
What is the unemployment rate in Millwood?
The unemployment rate in Millwood is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Millwood?
81.7% of adults in Millwood 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.
Last updated: