East Hampton 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 1,531 people and seven associated neighborhoods, East Hampton is the 678th largest community in New York. East Hampton has an unusually large stock of pre-World War II architecture, making it one of the older and more historic villages.

East Hampton home prices are not only among the most expensive in New York, but East Hampton 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: 17.69% 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 East Hampton 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, East Hampton’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.

In addition, East Hampton 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.

East Hampton 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 East Hampton is a smaller village, it has many people who hop on public transportation – mostly the subway 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 East Hampton. 66.63% 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 East Hampton in 2022 was $115,428, which is wealthy relative to New York and the nation. This equates to an annual income of $461,712 for a family of four. However, East Hampton contains both very wealthy and poor people as well.

East Hampton is a somewhat ethnically-diverse village. The people who call East Hampton home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of East Hampton residents report their race to be White, followed by Black or African-American. East Hampton also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 13.54% of the village’s residents. Important ancestries of people in East Hampton include English, German, Irish, Russian, and Italian.

Foreign born people are also an important part of East Hampton's cultural character, accounting for 20.55% of the village’s population.

The most common language spoken in East Hampton is English. Other important languages spoken here include Spanish and French.