Sharon Springs, NY Profile: Facts & Data

The Village of Sharon Springs had a population of 486 as of July 1, 2024. Sharon Springs ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New York. See peer rankings below.

The primary coordinate point for Sharon Springs is located at latitude 42.7959 and longitude -74.6171 in Schoharie County. The formal boundaries for the Village of Sharon Springs encompass a land area of 1.83 sq. miles and a water area of 0 sq. miles. Schoharie County is in the Eastern time zone (GMT -5).

The Village of Sharon Springs has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Sharon Springs, NY Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	486 (100%)
Population in Households	458 (94.2%)
Population in Families	333 (68.5%)
Population in Group Quarters¹	28 ( 5.8%)
Population Density	266
Diversity Index²	20


INCOME
Median Household Income	$67,372
Average Household Income	$89,758
% of Income for Mortgage⁴	17%
Per Capita Income	$41,272
Wealth Index⁵	77
Socioeconomic Status Index⁶	Moderate (46.9)

HOUSING
Total HU (Housing Units)	286 (100%)
Owner Occupied HU	152 (53.1%)
Renter Occupied HU	71 (24.8%)
Vacant Housing Units	63 (22.0%)
Median Home Value	$182,500
Average Home Value	$233,388
Housing Affordability Index³	125

HOUSEHOLDS
Total Households	223
Average Household Size	2.05
Family Households	124
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Sharon Springs, NY - Peer Comparisons by Rank and Percentile

The table below compares Sharon Springs to the other 1,292 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.15%	-0.79%
Households	0.11%	0.27%
Families		1.56%
Median Household Income		2.75%
Per Capita Income		3.70%
Owner Occupied HU		0.65%

Variable Description	Rank	Percentile
Total Population	# 1070	17th
Population Density	# 1147	11th
Median Household Income	# 862	33rd
Housing Affordability Index	# 964	75th
Per Capita Income	# 761	41st
Diversity Index	# 1008	22nd

Sharon Springs, NY Profile: Facts & Data

Sharon Springs, New York - Basic Facts

Sharon Springs, NY Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Sharon Springs, NY - Peer Comparisons by Rank and Percentile

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