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Copake Falls, NY Profile: Facts & Data

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Copake Falls, New York - Basic Facts

The Copake Falls Census Designated Place had a population of 201 as of July 1, 2020.

The primary coordinate point for Copake Falls is located at latitude 42.1195 and longitude -73.5251 in Columbia County. The formal boundaries for the Copake Falls Census Designated Place encompass a land area of 0.22 sq. miles and a water area of 0 sq. miles. Columbia County is in the Eastern time zone (GMT -5). The elevation is 643 feet.

The Copake Falls Census Designated Place (GNIS ID: 2761352) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of ""

The Copake Falls Census Designated Place is located within Town of Copake, a minor civil division (MCD) of Columbia County.


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Copake Falls, NY Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 201 (100%)
Population in Households 173 (86.1%)
Population in Families 133 (66.2%)
Population in Group Quarters1 28 (13.9%)
Population Density 898
Diversity Index2 22
 
 

INCOME

Median Household Income $78,103
Average Household Income $83,429
% of Income for Mortgage4 14%
Per Capita Income $30,275
Wealth Index5 92
 

HOUSING

Total HU (Housing Units) 98 (100%)
Owner Occupied HU 58 (59.2%)
Renter Occupied HU 27 (27.6%)
Vacant Housing Units 14 (14.3%)
Median Home Value $269,643
Average Home Value $311,441
Housing Affordability Index3 189
 

HOUSEHOLDS

Total Households 84
Average Household Size 2.06
Family Households 54
Average Family Size 2
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.3% -0.1%
Households 0.36% 0.0%
Families 1.36% 0.0%
Median Household Income   0.71%
Per Capita Income   1.93%
Owner Occupied HU   -0.35%

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Copake Falls, NY - Peer Comparisons by Rank and Percentile

The table below compares Copake Falls to the other 1,195 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 1167 3rd
Population Density # 734 39th
Median Household Income # 442 63rd
Housing Affordability Index # 722 60th
Per Capita Income # 732 39th
Diversity Index # 645 46th

Additional comparisons and rankings can be made with a VERY EASY TO USE New York Census Data Comparison Tool.

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