The labor pool participation rate in Southold is 55.1%, with an unemployment rate of 4.2%. For everyone within the labor force, the average commute time is 28.7 minutes. 18.6% of Southold’s population have a masters diploma, and 22.5% have a bachelors degree. For all those without a college degree, 26.9% attended at least some college, 25.3% have a high school diploma, and only 6.7% have received an education less than senior high school. 5.2% are not included in medical insurance.
The typical family unit size in Southold, NY is 2.78 residential members, with 83.5% owning their own homes. The average home value is $591721. For people leasing, they pay out an average of $1558 per month. 40.1% of households have two incomes, and a median domestic income of $81094. Average income is $40266. 7.3% of inhabitants live at or beneath the poverty line, and 12.4% are considered disabled. 7.5% of residents of the town are veterans associated with military.
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