Sharon Springs, NY

Full City Profile · New York · Montgomery County County

3.4 /5.0
B Good
635 Population 347/sq mi density
$50,865 Median Income $27,531 per capita
$117,000 Home Value $234,969 Zillow
$1,165 Median Rent 21.1% income on rent
45°F Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.6 / 5.0
$50,865 median income, 5.3% unemployment
A+
Affordability
5.0 / 5.0
$117,000 home value, $1,165/mo rent
C+
Education
2.6 / 5.0
20.1% bachelor's degree or higher

Sharon Springs, NY

At a Glance

Median Income
$50,865
32% below
$27,531 per capita
Home Value
$117,000
58% below
Zillow: $234,969
Median Rent
$1,165/mo
0% below
21.1% of income on rent
Bachelor's Degree+
20.1%
40% below
91.3% high school+
Unemployment
5.3%
47% above
24.2% poverty rate
Obesity Rate
33.6%
5% above
15.7% smoking rate
Avg Temperature
45°F

How Sharon Springs Compares to the U.S. Average

Each bar shows Sharon Springs's value as a percentage of the national average (100% = U.S. avg)

Income
68%
Home Value
42%
Rent
100%
Poverty
195%
Bachelor's
60%
Unemployment
147%
Thin vertical line = U.S. national average (100%)

Is Sharon Springs a Good Place to Live?

B
3.4 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Sharon Springs residents earn a median household income of $50,865 , which is 32% below the national average of $75,149. Per capita income is $27,531. The unemployment rate stands at 5.3% (47% above the U.S. rate of 3.6%). 24.2% of residents live below the poverty line. The area is home to 1,248 business establishments, including 104 restaurants.

Housing & Cost of Living

The median home value in Sharon Springs is $117,000 , 58% below the national median of $281,900. Zillow estimates the typical home at $234,969. Median rent is $1,165/month, with 21.1% of renters spending more than 30% of income on housing. The cost of living index is 107.9 (100 = national average). The median home was built in 1938.

Education

20.1% of adults in Sharon Springs hold a bachelor's degree or higher (40% below the national average). 91.3% have completed high school. Local schools score 4.5/10 in standardized testing.

Climate & Weather

Sharon Springs has an average annual temperature of 45°F (7°C). Winters average 21°F in January while summers reach 68°F in July. Annual precipitation totals 40.7 inches.

Data Overview

People

Population635
Median Age35.6 yrs
Density347/mi²
Male / Female46% / 54%
Foreign Born1.4%
Veterans6.8%

Economy

C+
Median Income$50,865
Per Capita$27,531
Unemployment5.3%
Poverty24.2%
County GDP$2,632M
Avg Weekly Wage$1,034

Housing

A+
Home Value$117,000
Rent$1,165
Ownership54.4%
Zillow$234,969
Housing Units267
Rent Burden21.1%

Health

Obesity33.6%
Diabetes9.2%
Smoking15.7%
Heart Disease5.6%
Premature Death9,219/100K

Climate

Avg Temp45°F
Rain40.7 in/yr
Elevation1,272 ft

Education

C+
Bachelor's+20.1%
High School+91.3%
Graduate+3.5%
School Score4.5/10

Community

2024 VoteR 64% / D 36%
Commute33 min
Broadband93.3%
Internet Speed141 Mbps
EV Stations1
Libraries6

Did You Know?

The median home in Sharon Springs was built in 1938.
The nearest airport is Albert S Nader Regional (29 miles).
The Gini coefficient (income inequality) is 0.435 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
11.3% of the population has a disability.
Average internet download speed is 141 Mbps.
There are 104 restaurants in the area.
The county recorded 5 fatal vehicle crashes.