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CITY

Water Mill

New York · 2,764 residents · 10.576 sq mi
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The short version

Water Mill is significantly wealthier than the US average, with a median household income of $186,875. The city has grown rapidly, with population up 60% since 2000. 73% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has roughly tripled since 2000, reaching $2,000,001. With a median age of 54.9, the population is older than the US median of 38.9. It ranks in the top 1% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 54.9
US median: 38.9
More educated
73% hold a bachelor's degree
US average: 36%
Less affordable
home values up 67%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,764
+60%since 2000
from 1,724 in 2000
1990 – 2024
Population density
261 / sq mi
+60%since 2000
from 163 / sq mi in 2000
US average: 281
Median age
54.9
+20%since 2000
from 45.8 in 2000
US average: 38.9
Population, 1990 – 2024
1K2K2K3K3K1990201020202024Water Mill
20243K
1990201020202024
Section 02

Income & economy

Median household income
$186,875
+22%inflation adjusted, since 2000
from $84,400 in 2000
US average: $82,259
1990 – 2024
Per capita income
$151,552
+153%since 2000
from $59,987 in 2000
US average: $44,673
Households earning $100K+
75.3%
+18.2 ptssince 2009
from 57.1% in 2009
US average: 53.3%
Poverty rate
3.6%
−4.7 ptssince 2000
from 8.3% in 2000
US average: 12.5%
Income inequality (Gini)
0.533
−5%since 2010
from 0.560 in 2010
US average: 0.476
Workforce by industry, 2024
Other services21.2%
US avg: 6.7%
Public administration18.2%
US avg: 4.8%
Information13.2%
US avg: 10.8%
Agriculture, forestry, fishing3.6%
US avg: 1.6%
Construction3.6%
US avg: 1.2%
Retail trade3.1%
US avg: 9.9%
Arts, entertainment, food2.3%
US avg: 1.9%
Wholesale trade0.6%
US avg: 6.9%
Transportation & warehousing0.5%
US avg: 2.2%
Finance & insurance0.4%
US avg: 5.9%
Professional, scientific, technical0.4%
US avg: 5.1%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$2,000,001
+67%inflation adjusted, since 2000
from $658,100 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$3,200
+70%inflation adjusted, since 2000
from $1,034 in 2000
US average: $1,442
Owner-occupied
93.8%
+5.9 ptssince 2000
from 87.8% in 2000
6.3% rent
Vacancy rate
50.1%
−14.2 ptssince 2009
from 64.2% in 2009
US average: 10.0%
Owner cost-burdened
38.0%
+5.1 ptssince 2009
from 32.9% in 2009
US average: 22.9%
Renter cost-burdened
56.3%
+32.8 ptssince 2009
from 23.4% in 2009
US average: 47.4%
Afford Score
10.7
+37%since 2000
from 7.8 in 2000
1990 – 2024
Gentrification Score
76
RELATED:See current rent listings in Water Mill on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic93.4%(1,611)
Black2.1%(37)
Hispanic / Latino3.3%(57)
Asian0.7%(12)
Other0%
Diversity Score14.8%(254)
2024
White, non-Hispanic89%(2,461)
Black0.4%(10)
Hispanic / Latino8.3%(229)
Asian1.5%(41)
Other0.8%(23)
Diversity Score25%(691)
Diversity Score
25
+69%since 2000
from 15 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
73.0%
+30.1 ptssince 2000
from 42.9% in 2000
US average: 35.6%
High school or higher
97.7%
+7.9 ptssince 2000
from 89.9% in 2000
US average: 89.6%
Graduate degree
28.9%
+6.5 ptssince 2000
from 22.4% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
18.6 min
+21%since 2000
from 15.4 min in 2000
US average: 26.5
Drive alone to work
48.8%
−4.7 ptssince 2009
from 53.5% in 2009
US average: 68.9%
Carpooled to work
0.0%
−12.5 ptssince 2009
from 12.5% in 2009
US average: 8.5%
Public transit
5.0%
−4.9 ptssince 2009
from 9.9% in 2009
US average: 3.2%
Worked from home
37.5%
+24.3 ptssince 2009
from 13.3% in 2009
US average: 15.0%
Walked to work
6.7%
−4.0 ptssince 2009
from 10.7% in 2009
US average: 2.4%
Biked to work
1.0%
+1.0 ptssince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
11.5%
+2.5 ptssince 2009
from 9.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
6.0%
+0.2 ptssince 2011
from 5.8% in 2011
US average: 5.2%
Labor force participation
64.9%
+3.4 ptssince 2011
from 61.4% in 2011
US average: 63.5%
Self-employed
10.0%
+6.8 ptssince 2009
from 3.2% in 2009
US average: 13.1%
Management & professional
64.6%
−1.2 ptssince 2009
from 65.8% in 2009
US average: 42.5%
Section 08

People & community

Male
48.2%
−4.5 ptssince 2009
from 52.7% in 2009
Female
51.8%
+4.5 ptssince 2009
from 47.3% in 2009
Foreign born
11.3%
+4.7 ptssince 2009
from 6.6% in 2009
US average: 14.1%
Veterans
1.9%
−47.7 ptssince 2009
from 49.6% in 2009
US average: 6.2%
With a disability
8.9%
−3.3 ptssince 2012
from 12.2% in 2012
US average: 13.3%
Uninsured
1.4%
−95.3 ptssince 2013
from 96.7% in 2013
US average: 8.4%
Broadband at home
85.3%
+0.3 ptssince 2017
from 85.0% in 2017
US average: 91.0%
English only at home
85.1%
+4.3 ptssince 2016
from 80.8% in 2016
US average: 77.7%
Spanish at home
7.5%
−3.6 ptssince 2016
from 11.1% in 2016
US average: 13.6%
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Frequently asked

How many people live in Water Mill, New York?

Water Mill, New York has about 2,764 residents according to the 2024 American Community Survey.

What is the median household income in Water Mill, New York?

The typical household in Water Mill, New York earns about $186,875 a year. Half of households make more than that, and half make less.

Is Water Mill, New York expensive?

In Water Mill, New York, the median home is worth about $2,000,001, and the typical rent is about $3,200 a month.

How educated are people in Water Mill, New York?

About 73.0% of adults age 25 and over in Water Mill, New York hold a bachelor's degree or higher.

What is the poverty rate in Water Mill, New York?

About 3.6% of people in Water Mill, New York live below the federal poverty line.

Has Water Mill, New York grown since 1990?

Yes, Water Mill, New York has grown since 1990. The population has added about 876 residents, a change of about 46 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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