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Water Mill, NY Profile: Facts & Data

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Water Mill, New York - Basic Facts

The Water Mill CDP(1) had a population of 2,489 as of July 1, 2022. Water Mill ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in New York. See peer rankings below.

The primary coordinate point for Water Mill is located at latitude 40.9059 and longitude -72.362 in Suffolk County. The formal boundaries for the Water Mill Census Designated Place encompass a land area of 10.54 sq. miles and a water area of 1.48 sq. miles. Suffolk County is in the Eastern time zone (GMT -5). The elevation is 33 feet.

The Water Mill Census Designated Place 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 "S" which identifies a statistical entity.

The Water Mill Census Designated Place is located within Town of Southampton, a minor civil division (MCD) of Suffolk County.

Alternate Unofficial Names for Water Mill: Mill Neck, Water Mills.

  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Water Mill 2022 Demographic Data
  2. Growth Rates for Water Mill (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New York Research Tools (Easy Tools & Current Data)
  3. New York Data Comparison Tool - 2022 Demographics
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Water Mill, NY Data & Demographics (As of July 1, 2022)

POPULATION

Total Population 2,489 (100%)
Population in Households 2,479 (99.6%)
Population in Families 1,921 (77.2%)
Population in Group Quarters1 10 ( 0.4%)
Population Density 235
Diversity Index2 46
 
 

INCOME

Median Household Income $138,568
Average Household Income $219,922
% of Income for Mortgage4 47%
Per Capita Income $85,909
Wealth Index5 320
 

HOUSING

Total HU (Housing Units) 2,138 (100%)
Owner Occupied HU 840 (39.3%)
Renter Occupied HU 119 ( 5.6%)
Vacant Housing Units 1,179 (55.1%)
Median Home Value $1,225,225
Average Home Value $1,424,761
Housing Affordability Index3 58
 

HOUSEHOLDS

Total Households 959
Average Household Size 2.58
Family Households 613
Average Family Size 3.00
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

 2020-2022 2022-2027
Population -0.30% 0.04%
Households 0.05% 0.08%
Families   0.00%
Median Household Income   5.28%
Per Capita Income   3.02%
Owner Occupied HU   0.10%

Water Mill, NY - Peer Comparisons by Rank and Percentile

The table below compares Water Mill to the other 1,293 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2022 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 # 562 57th
Population Density # 1171 10th
Median Household Income # 172 87th
Housing Affordability Index # 81 6th
Per Capita Income # 78 94th
Diversity Index # 423 68th

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

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