As of the censusGR2 of 2000, there were 4,909 people, 2,248 households, and 1,330 families residing in the town. The population density was 3,790.8/km² (9,721.8/mi²). There were 3,059 housing units at an average density of 2,362.2/km² (6,058.1/mi²).
There were 2,248 households out of which 20.5% had children under the age of 18 living with them, 46.6% were married couples living together, 9.6% had a female householder with no husband present, and 40.8% were non-families. 32.9% of all households were made up of individuals and 15.1% had someone living alone who was 65 years of age or older. The average household size was 2.18 and the average family size was 2.75.
In the town the population was spread out with 16.3% under the age of 18, 4.5% from 18 to 24, 29.3% from 25 to 44, 24.0% from 45 to 64, and 25.9% who were 65 years of age or older. The median age was 45 years. For every 100 females there were 86.9 males. For every 100 females age 18 and over, there were 86.4 males.
The median income for a household in the town was $50,927, and the median income for a family was $56,327. Males had a median income of $47,147 versus $39,181 for females. The per capita income for the town was $38,375. About 6.7% of families and 11.5% of the population were below the poverty line, including 19.4% of those under age 18 and 7.9% of those age 65 or over.