The town of Beacon, New York is home to just under 15,000 residents. The city's population, at an average age of just over 40, ranks around the middle compared to other cities in the state, which has an average age of 39. Home ownership is more common than renting in the area, and 41% of residents rent. Renting remains an affordable option, though, as the city boasts a relatively low average rent of $1,103/month. Over the course of a year, renters in Beacon will save around $2,100 compared to the state average.
There are four primary industries in Beacon: entertainment, scientific, healthcare, and retail. Together, these industries make up 21% of the workforce in the city. Meanwhile, looking at job function, many of the city's workers are in management, making it the top profession in the city. With an average annual income of around $83,000, Beacon workers take home about the same as their peers elsewhere in New York. However, Beacon compares more favorably to the national average ($73,345). Beacon has a relatively large number of residents older than 25 who have advanced degrees compared to the national average (7%), as 8% have earned a Master's or a Doctorate. Further, 15% have a Bachelor's degree.
Averaging about 39 minutes, the commute time for Beacon residents is slower than nearly 90% of cities in the state. Driving a car or truck is the most common mode of getting to work, opted for by 35% of commuters, while public transit is used by only 5% of the city. Walking (2%) isn't a common method of commuting to work, though the number surpasses the national average.
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