The village is home to the general headquarters (HQ) of the Velvet Ice Cream Company at the Ye Olde Mill just south of the village. The mill is a popular regional tourist attraction with an ice cream parlor and restaurant and wildlife and picnic areas. The village hosts the annual ice cream parade every Memorial Day weekend and the simultaneous Utica Ice Cream Festival.
There were 822 households out of which 35.6% had children under the age of 18 living with them, 52.8% were married couples living together, 12.9% had a female householder with no husband present, and 30.7% were non-families. 27.6% of all households were made up of individuals and 12.0% had someone living alone who was 65 years of age or older. The average household size was 2.51 and the average family size was 3.05.
In the village the population was spread out with 26.8% under the age of 18, 7.9% from 18 to 24, 29.1% from 25 to 44, 20.7% from 45 to 64, and 15.5% who were 65 years of age or older. The median age was 36 years. For every 100 females there were 95.8 males. For every 100 females age 18 and over, there were 88.9 males.
The median income for a household in the village was $34,238, and the median income for a family was $40,750. Males had a median income of $31,281 versus $23,243 for females. The per capita income for the village was $16,811. About 4.7% of families and 6.2% of the population were below the poverty line, including 7.0% of those under age 18 and 5.1% of those age 65 or over.