Armonk is a very small town located in the state of New York. With a population of 4,495 people and two constituent neighborhoods, Armonk is the 355th largest community in New York. Much of the housing stock in Armonk was built relatively recently. The construction of new real estate can often be taken as an indication that the local Armonk economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Armonk, where the median household income is $194,118.00.
Armonk home prices are not only among the most expensive in New York, but Armonk real estate also consistently ranks among the most expensive in America.
Armonk is a decidedly white-collar town, with fully 92.42% of the workforce employed in white-collar jobs, well above the national average. Overall, Armonk is a town of managers, professionals, and sales and office workers. There are especially a lot of people living in Armonk who work in management occupations (22.42%), business and financial occupations (13.41%), and healthcare (8.48%).
Telecommuters are a relatively large percentage of the workforce: 14.61% 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.
Armonk is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Armonk’s overall crime rate is lower than average for the country.
In Armonk, however, the average commute to work is quite long. On average, people spend 38.56 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
Even though Armonk is a smaller town, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
If knowledge is power, Armonk is a pretty powerful place. 77.70% of the adults in Armonk have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Armonk in 2018 was $107,960, which is wealthy relative to New York and the nation. This equates to an annual income of $431,840 for a family of four.
Armonk is a very ethnically-diverse town. The people who call Armonk home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Armonk residents report their race to be White, followed by Asian. Armonk also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.71% of the town’s residents. Important ancestries of people in Armonk include Italian, Irish, German, Russian, and Polish.
Foreign born people are also an important part of Armonk's cultural character, accounting for 16.87% of the town’s population.
The most common language spoken in Armonk is English. Other important languages spoken here include Spanish and Italian.