Cold Spring is a very small village located in the state of New York. With a population of 1,947 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.
Cold Spring home prices are not only among the most expensive in New York, but Cold Spring real estate also consistently ranks among the most expensive in America.
Cold Spring is a decidedly white-collar village, with fully 89.44% 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 service providers. There are especially a lot of people living in Cold Spring who work in art, media, and design (17.14%), teaching (9.42%), and office and administrative support (9.19%).
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.
Also of interest is that Cold Spring has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 13.68% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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.
Cold Spring’s overall crime rate ranks among the lowest in the nation, making it a very safe place to live.
In Cold Spring, however, the average commute to work is quite long. On average, people spend 42.57 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.
In Cold Spring, a lot of people use the train to get to work every day though Cold Spring is a relatively small village. Those that ride the train are primarily traveling out of town to good jobs in other cities.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Cold Spring. 59.55% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Cold Spring in 2018 was $54,855, which is wealthy relative to New York and the nation. This equates to an annual income of $219,420 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 Asian. Important ancestries of people in Cold Spring include Italian, Irish, German, English, and European.
The most common language spoken in Cold Spring is English. Other important languages spoken here include Spanish and French.