Cold Spring is a very small village located in the state of New York. With a population of 1,964 people and two constituent neighborhoods, Cold Spring is the 564th largest community in New York. Much of the housing stock in Cold Spring was built prior to World War II, making it one of the older and more historic villages in the country.
Housing costs in Cold Spring are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New York.
Cold Spring is a decidedly white-collar village, with fully 90.24% of the workforce employed in white-collar jobs, well above the national average. Overall, Cold Spring is a village of professionals, sales and office workers, and managers. There are especially a lot of people living in Cold Spring who work in management occupations (13.55%), office and administrative support (12.45%), and art, media, and design (11.95%).
Of important note, Cold Spring is also a village of artists. Cold Spring has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Cold Spring’s character.
Telecommuters are a relatively large percentage of the workforce: 7.86% 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.
In addition, Cold Spring is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Overall, Cold Spring’s crime rate is one of the lowest in the nation, which makes a great place to live if safety is an important concern.
One downside of living in Cold Spring is that it can take a long time to commute to work. In Cold Spring, the average commute to work is 39.84 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the village, so leaving the car at home and taking transit is often a viable alternative.
Despite being a small village, Cold Spring has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.
The citizens of Cold Spring are among the most well-educated in the nation: 49.93% of adults in Cold Spring have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.
The per capita income in Cold Spring in 2010 was $46,777, which is wealthy relative to New York and the nation. This equates to an annual income of $187,108 for a family of four. However, Cold Spring contains both very wealthy and poor people as well.
The people who call Cold Spring home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Cold Spring residents report their race to be White, followed by Native American. Important ancestries of people in Cold Spring include Italian, German, English, and Russian.
The most common language spoken in Cold Spring is English. Other important languages spoken here include Spanish and Russian.