There were 220 households out of which 36.4% had children under the age of 18 living with them, 57.3% were married couples living together, 9.1% had a female householder with no husband present, and 27.3% were non-families. 25.0% of all households were made up of individuals and 13.2% had someone living alone who was 65 years of age or older. The average household size was 2.56 and the average family size was 3.04.
In the village the population was spread out with 27.4% under the age of 18, 8.7% from 18 to 24, 29.5% from 25 to 44, 19.7% from 45 to 64, and 14.7% who were 65 years of age or older. The median age was 34 years. For every 100 females there were 94.1 males. For every 100 females age 18 and over, there were 89.4 males.
The median income for a household in the village was $22,176, and the median income for a family was $28,750. Males had a median income of $24,583 versus $15,865 for females. The per capita income for the village was $11,148. About 16.3% of families and 16.0% of the population were below the poverty line, including 18.7% of those under age 18 and 27.5% of those age 65 or over.
Quaker City is located just northeast of Seneca Lake, and south of the site of the former Paradise Lake amusement park. The amusement park operated in the early 1980s, but by the late 1990s it had become an adult bookstore. Other changes had been made in the village in the early 2000s, including the new ownership of the town grocery store.
Every year, during the weekend after July 4th, The Ohio Hills Folk Festival takes place, usually for four days, Wednesday through Saturday. Craft halls, flea markets, carnival rides, and carnival food can be found at the Folk Festival.
"Quaker City" is the name of the pleasure cruiser on which Mark Twain chronicles his travels through Europe and the Holy Land in his book The Innocents Abroad.