The town was first settled around 1729. Esperance village was incorporated in 1818 and rechartered in 1835, before the Town of Esperance was established. The town was formed in 1846 from the Town of Schoharie.
As of the census of 2000, there were 2,043 people, 776 households, and 571 families residing in the town. The population density was 104.3 people per square mile. There were 856 housing units at an average density of 43.7 per square mile. The racial makeup of the town was 98.14% White, 0.34% Black or African American, 0.15% Native American, 0.39% Asian, 0.05% from other races, and 0.93% from two or more races. Hispanic or Latino of any race were 0.83% of the population. There were 776 households, out of which 35.2% had children under the age of 18 living with them, 59.1% were married couplesliving together, 9.5% had a female householder with no husband present, and 26.3% were non-families. 20.2% of all households were made up of individuals, and 7.7% had someone living alone who was 65 years of age or older. The average household size was 2.63 and the average family size was 3.01. In the town, the population was spread out, with 26.3% under the age of 18, 7.8% from 18 to 24, 29.3% from 25 to 44, 25.0% from 45 to 64, and 11.6% who were 65 years of age or older. The median age was 38 years. For every 100 females, there were 105.9 males. For every 100 females age 18 and over, there were 103.2 males. The median income for a household in the town was $42,930, and the median income for a family was $46,940. Males had a median income of $32,331 versus $24,115 for females. The per capita income for the town was $17,574. About 4.8% of families and 7.4% of the population were below the poverty line, including 7.0% of those under age 18 and 8.0% of those age 65 or over.
Communities and locations in the Town of Esperance
Central Bridge - A hamlet at the south town line on NY-30A, mostly in the neighboring town of Schoharie.
Dwelly Corners - A hamlet north of Sloansville on County Road 35.
Esperance - The Village of Esperance is at the east town line on US-20 by the Schoharie Creek.
Sloansville - A hamlet west of Esperance village on US-20 at NY-30A. It was settled around the year 1756.
Rockwell Corners - A location at the north town line on County Road 44.
Schoharie Junction - A hamlet in the south part of the town on County Road 70.