Living in Water Mill, New York
Cost of living, income, home prices, rent and demographics of Water Mill · Census data 2020–2024
Water Mill has 2,764 residents with a median age of 54.9. The median household income is $186,875 (117% higher than the New York median), the median home value is $2,000,001, the median rent is $3,200/month.
Water Mill at a glance
- Population
- 2,764
- Median age
- 54.9State: 39.8
- Median household income
- $186,875State: $85,974
- Median home value
- $2,000,001State: $423,800
- Median rent
- $3,200/moState: $1,621
- Homeowners
- 93.8%
- Bachelor's degree or higher
- 73%
- Average commute
- 19 min
Is Water Mill a good place to live?
Pros: Median household income 117% higher than the New York median; an average commute of 19 minutes; unemployment of 6%; a poverty rate of 3.6%.
Cons: Home values 372% higher than the state median.
The weather is best in June to September.
Cost of living in Water Mill
Housing is the biggest part of the cost of living. In Water Mill the median home value is $2,000,001, 501% higher than the U.S. median. Renters pay a median of $3,200 per month, which is 34.2% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Water Mill median household income
The median household income in Water Mill is $186,875 and the income per person is $151,552. 3.6% of residents live below the poverty line (New York: 14%).
Housing in Water Mill: homes for sale and rent
- Housing units
- 2,564
- Owner-occupied
- 93.8%
- Renter-occupied
- 6.3%
- Vacant
- 50.1%Includes seasonal homes
- Median year built
- 1995
- Average household size
- 2.14
50.1% of homes are vacant most of the year, a sign that Water Mill has many vacation and second homes.
Water Mill demographics
- Population
- 2,764
- Median age
- 54.9
- Under 18
- 12.2%
- 65 and older
- 22.6%
- Households
- 1,280
- Foreign-born
- 11.3%
- Veterans
- 1.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Water Mill ›
Education in Water Mill
73% of adults 25 and older in Water Mill have a bachelor's degree or higher (New York: 40.2%), and 28.9% have a graduate or professional degree.
Jobs and commute in Water Mill
- Unemployment rate
- 6%State: 6.4%
- Average commute
- 19 minState: 33 min
- Work from home
- 37.5%
- Drive alone
- 48.8%
- Public transit
- 5%
- Walk to work
- 6.7%
- Homes with broadband
- 85.3%
Water Mill vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Water Mill | 2,764 | $186,875 | $2,000,001 | $3,200 |
| Bridgehampton | 1,531 | $139,486 | $1,764,800 | — |
| North Sea | 6,458 | $161,587 | $1,128,000 | $3,063 |
| Southampton | 4,621 | $214,032 | $2,000,001 | $2,437 |
| Noyack | 4,782 | $118,728 | $1,085,500 | $2,369 |
| Tuckahoe | 1,249 | $80,500 | $1,075,500 | $1,494 |
| Wainscott | 612 | $130,833 | $2,000,001 | — |
| Shinnecock Hills | 2,545 | $132,708 | $1,375,000 | — |
| Sag Harbor | 2,489 | $129,821 | $1,615,900 | $3,501 |
More for people moving to Water Mill
Water Mill ZIP code ›Weather and climate ›Living in Water Mill: FAQ
What is the median household income in Water Mill, NY?
The median household income in Water Mill is $186,875, 117% 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 Water Mill?
The median home value in Water Mill is $2,000,001, compared with $423,800 in New York.
How much is rent in Water Mill?
The median gross rent in Water Mill is $3,200 per month, about 34.2% of household income.
Is Water Mill, NY a good place to live?
Pluses: median household income 117% higher than the New York median; an average commute of 19 minutes; unemployment of 6%; a poverty rate of 3.6%. Minuses: home values 372% higher than the state median.
What is the median age in Water Mill?
The median age in Water Mill is 54.9 years (New York: 39.8).
How long is the commute in Water Mill?
The average commute to work in Water Mill is 19 minutes; 37.5% of workers work from home.
What is the unemployment rate in Water Mill?
The unemployment rate in Water Mill is 6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Water Mill?
73% of adults in Water Mill 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: