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Living In Larchmont, NY
Larchmont, New York is a small town with just over 6,000 residents. It's a great place to raise a family, as children under 5 account for a larger portion of the population here (10%) than nationally (6%), while young adults are less well-represented. Overall, the town's residents, at an average age of just under 35, are decidedly younger than most cities in New York. Renters tend to be in the minority in the town, and 73% of residents own their homes. Relatively high rent costs may be a contributing factor, as the average rent of $1,871 per month is substantially higher than the state average of $1,280.
Larchmont's average commute time ranks as one of the longest in New York at about 51 minutes, 8th-highest in the state. Many residents (21%) take public transportation to work, capitalizing on the local transit opportunities. Driving a car or truck is the second-most common way to get to work, selected by 21% of workers. Walking isn't a common way to get to work.
There are three primary industries in Larchmont: scientific, finance, and education. Together, these industries make up 26% of the town's workforce. Meanwhile, in terms of job function, 14% of the town's population works in management, which ranks as the top career path in the town. Larchmont workers bring in an average annual income of just over $162,000, around $81,000 more than the state average. The town's average income also compares favorably to the national average ($73,345). Compared to the national average (7%), Larchmont has a large concentration of residents over the age of 25 with advanced degrees, as 20% possess a Master's degree or a Doctorate. Further, 24% possess a Bachelor's degree, which also outpaces the national average.
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