Millwood, New York Demographics & Population 2026
During the 2020–2024 ACS period, Millwood, New York had a total population of 1,083, the 827th largest community in New York, with a median household income of $205,083, which is 139% higher than the state average. The poverty rate is 4.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 139% above the state average — one of the wealthiest communities in New York.
- An exceptionally low poverty rate of 4.5% — among the lowest in New York.
- 81.7% of adults hold a bachelor's degree or higher — top 10% in New York.
Millwood Quick Facts
How Millwood Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 854 | 1,083 | +26.8% |
| Median household income | $209,063 | $205,083 | -1.9% |
| Median home value | $769,800 | $784,400 | +1.9% |
How Millwood Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Millwood Rankings in New York
Explore New York Rankings
Other Cities in Westchester County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Yonkers | 209,978 | $83,549 | 13.8% | $501,600 |
| New Rochelle | 82,769 | $109,167 | 10.1% | $702,500 |
| Mount Vernon | 72,427 | $78,779 | 14.8% | $484,000 |
| White Plains | 60,666 | $110,763 | 11.2% | $620,800 |
| Port Chester | 31,102 | $92,222 | 12.9% | $582,600 |
| Harrison | 29,961 | $164,250 | 4.1% | $1,010,700 |
| Ossining | 26,950 | $103,573 | 8.6% | $449,100 |
| Peekskill | 25,625 | $85,954 | 11.9% | $395,600 |
| Eastchester | 20,491 | $157,202 | 4.8% | $790,100 |
| Mamaroneck | 19,826 | $120,000 | 10.7% | $717,200 |
Cities Similar to Millwood
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Yorkshire | 1,138 | N/A | N/A | 0.0% | 33.1% |
| Bard College | 1,130 | $216,406 | N/A | 92.9% | 0.0% |
| Mill Neck | 1,136 | $196,359 | $1,368,800 | 72.3% | 5.7% |
| Poquott | 1,127 | $190,391 | $826,500 | 73.0% | 6.7% |
| Niverville | 1,181 | N/A | $302,200 | 39.3% | 12.8% |
Population Overview
Millwood is a small community located in New York, within Westchester County. The total population is 1,083. It ranks as the 827th most populous out of 1,289 Census-designated places in New York.
Age Demographics
The median age in Millwood is 50.9 years. This is 28% higher than the state median of 39.8 years.
Economy, Income & Housing
The median household income in Millwood is $205,083. This is 139% higher than the state median of $85,974. It is also 154% higher than the national median of $80,734. The poverty rate stands at 4.5%. This is 68% lower than the state poverty rate of 14.0%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The survey records no unemployed residents in Millwood, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $784,400. Housing costs are 85% higher than the state median of $423,800. The home-value-to-income ratio is 3.8x. 76.6% of occupied housing units are owner-occupied. This homeownership rate is 41% higher than the state average of 54.4%.
Race & Ethnicity
The largest racial or ethnic group in Millwood is White (non-Hispanic), making up 66.2% of the population. Asian residents account for 19.5%. The Black or African American population (0.8%) is well below the state average of 13.4%. The Asian population is significantly higher than the state average (19.5% vs 9.0%).
Education
81.7% of residents aged 25 and older hold a bachelor's degree or higher. This places Millwood in the top 10% of all cities in the state for educational attainment. This is 103% higher than the state rate of 40.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. No surveyed resident aged 25 or older reported leaving school before earning a high school diploma, though a rate of exactly 100% reflects the limits of a small sample. Notably, 50.5% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Millwood, New York is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New York state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,289 Census-designated places in New York. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Millwood, New York?
Millwood, New York has a population of 1,083 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Millwood, NY?
The median household income in Millwood is $205,083, which is 154% higher than the national median of $80,734.
What is the poverty rate in Millwood, NY?
The poverty rate in Millwood is 4.5%. This means approximately 49 residents live below the federal poverty line.
What is the racial makeup of Millwood, New York?
Millwood's population is 66.2% White, 0.8% Black, 10.3% Hispanic/Latino, and 19.5% Asian.
What is the median home value in Millwood, NY?
The median home value in Millwood is $784,400. The home-value-to-income ratio is 3.8x.
How educated is Millwood, New York?
81.7% of adults (25+) in Millwood hold a bachelor's degree or higher, and 50.5% hold a graduate or professional degree.