Southampton is a very small coastal village (i.e. on the ocean, a bay, or inlet) located in the state of New York. With a population of 4,627 people and five associated neighborhoods, Southampton is the 351st largest community in New York.
Southampton home prices are not only among the most expensive in New York, but Southampton real estate also consistently ranks among the most expensive in America.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 28.74% 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.
Another notable thing is that Southampton is a major vacation destination. Much of the village’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Southampton’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
In addition, Southampton is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Southampton is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
Even though Southampton is a smaller village, it has many people who hop on public transportation – mostly taxis for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Southampton. 65.58% 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 Southampton in 2022 was $159,875, which is wealthy relative to New York and the nation. This equates to an annual income of $639,500 for a family of four.
Southampton is a very ethnically-diverse village. The people who call Southampton home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Southampton residents report their race to be White, followed by Black or African-American. Important ancestries of people in Southampton include Irish, Italian, English, German, and Polish.
Southampton also has a high percentage of its population that was born in another country: 15.80%.
The most common language spoken in Southampton is English. Other important languages spoken here include Spanish and French.