Monsey is a medium-sized town located in the state of New York. With a population of 26,954 people and eight associated neighborhoods, Monsey is the 62nd largest community in New York. Monsey has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Monsey, where the median household income is $49,630.00.
Monsey home prices are not only among the most expensive in New York, but Monsey real estate also consistently ranks among the most expensive in America.
Telecommuters are a relatively large percentage of the workforce: 12.08% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Many people in Monsey take advantage of public transportation to get around. In fact, for the size of the town, the number of people who use the bus to commute to work is quite high. This helps to fill a need among Monsey citizens for affordable transportation.
The percentage of adults in Monsey with college degrees is slightly lower than the national average of 21.84% for all communities. 14.18% of adults in Monsey have a bachelor's degree or advanced degree.
The per capita income in Monsey in 2022 was $14,062, which is low income relative to New York and the nation. This equates to an annual income of $56,248 for a family of four. However, Monsey contains both very wealthy and poor people as well. Monsey also has one of the higher rates of people living in poverty in the nation, with 45.83% of its population below the federal poverty line.
The people who call Monsey home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Monsey residents report their race to be White, followed by Black or African-American. Important ancestries of people in Monsey include Hungarian, Polish, European, Romanian, and Israeli.
The most common language spoken in Monsey is German/Yiddish. Other important languages spoken here include English and French.