Another notable thing is that Southold is a major vacation destination. Much of the town’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, Southold’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
In addition, Southold 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.
Because of many things, Southold is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Southold really has some of the features that families look for when choosing a good community to raise children. Is Southold perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Southold 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.
Despite being a small town, Southold has a lot of people using taxis to get to and from work every day. Most of these people on taxis are using it to get 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 Southold. 51.76% 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 Southold in 2022 was $73,710, which is wealthy relative to New York and the nation. This equates to an annual income of $294,840 for a family of four.
Southold is a very ethnically-diverse town. The people who call Southold home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Southold residents report their race to be White, followed by Asian. Southold also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 16.29% of the town’s residents. Important ancestries of people in Southold include Irish, German, Italian, English, and Polish.
Foreign born people are also an important part of Southold's cultural character, accounting for 15.55% of the town’s population.
The most common language spoken in Southold is English. Other important languages spoken here include Spanish and Polish.
