Living in Nichols, New York
Cost of living, income, home prices, rent and demographics of Nichols · Census data 2020–2024
Nichols has 601 residents with a median age of 38.4. The median household income is $66,250 (23% lower than the New York median), the median home value is $147,000, the median rent is $842/month.
Nichols is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Nichols at a glance
- Population
- 601
- Median age
- 38.4State: 39.8
- Median household income
- $66,250State: $85,974
- Median home value
- $147,000State: $423,800
- Median rent
- $842/moState: $1,621
- Homeowners
- 71.5%
- Bachelor's degree or higher
- 12.9%
- Average commute
- 18 min
Is Nichols a good place to live?
Pros: Home values 65% lower than the state median; an average commute of 18 minutes; unemployment of 1.9%; a poverty rate of 1.3%.
Cons: Median household income 23% lower than the New York median.
The weather is best in May–June and August–September.
Cost of living in Nichols
Housing is the biggest part of the cost of living. In Nichols the median home value is $147,000, 56% lower than the U.S. median. Renters pay a median of $842 per month, which is 27.5% of household income. Homeowners with a mortgage pay $1,326 a month in housing costs.
Nichols median household income
The median household income in Nichols is $66,250 and the income per person is $28,057. 1.3% of residents live below the poverty line (New York: 14%).
Housing in Nichols: homes for sale and rent
- Housing units
- 225
- Owner-occupied
- 71.5%
- Renter-occupied
- 28.5%
- Vacant
- 4.9%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.81
Nichols demographics
- Population
- 601
- Median age
- 38.4
- Under 18
- 31.8%
- 65 and older
- 19.3%
- Households
- 214
- Foreign-born
- 0.3%
- Veterans
- 7.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Nichols ›
Education in Nichols
12.9% of adults 25 and older in Nichols have a bachelor's degree or higher (New York: 40.2%), and 3.9% have a graduate or professional degree.
Jobs and commute in Nichols
- Unemployment rate
- 1.9%State: 6.4%
- Average commute
- 18 minState: 33 min
- Work from home
- 6.4%
- Drive alone
- 84.4%
- Public transit
- 0%
- Walk to work
- 6%
- Homes with broadband
- 91.6%
Nichols vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Nichols | 601 | $66,250 | $147,000 | $842 |
| Windham | 768 | $63,125 | $151,900 | $697 |
| Litchfield | 1,304 | $70,982 | $260,600 | $1,054 |
| Owego | 3,912 | $60,139 | $147,300 | $901 |
| Sayre | 5,431 | $50,801 | $169,500 | $968 |
| Waverly | 4,305 | $54,274 | $140,200 | $958 |
| South Waverly | 1,069 | $87,813 | $162,300 | $1,022 |
| Athens | 3,243 | $53,000 | $167,200 | $842 |
| Warren | 903 | $70,625 | $236,900 | $969 |
More for people moving to Nichols
Nichols ZIP code ›Weather and climate ›Living in Nichols: FAQ
What is the median household income in Nichols, NY?
The median household income in Nichols is $66,250, 23% 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 Nichols?
The median home value in Nichols is $147,000, compared with $423,800 in New York.
How much is rent in Nichols?
The median gross rent in Nichols is $842 per month, about 27.5% of household income.
Is Nichols, NY a good place to live?
Pluses: home values 65% lower than the state median; an average commute of 18 minutes; unemployment of 1.9%; a poverty rate of 1.3%. Minuses: median household income 23% lower than the New York median.
What is the median age in Nichols?
The median age in Nichols is 38.4 years (New York: 39.8).
How long is the commute in Nichols?
The average commute to work in Nichols is 18 minutes; 6.4% of workers work from home.
What is the unemployment rate in Nichols?
The unemployment rate in Nichols is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Nichols?
12.9% of adults in Nichols 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: