Elmont, NY is a vibrant community located just east of New York City. The town has numerous attractions including major shopping centers, restaurants, parks, and entertainment venues. With two bedroom rental prices at $2,260 in Elmont compared to $1,430 nationally it is slightly higher than the national average but still affordable. Local companies such as Walmart, Target and The Home Depot provide employment for many residents. Additionally, the Grocery Cost Index in Elmont is 107 versus 100 in the US which suggests that groceries may be more expensive than other places in the country. Although it is slightly higher than the national average Elmont offers a lot of amenities and a great quality of life for an affordable rate.
Elmont has an unemployment rate of 5.9%. The US average is 6.0%.
Elmont has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Elmont
- The Sales Tax Rate for Elmont is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Elmont is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elmont
- The average income of a Elmont resident is $28,916 a year. The US average is $28,555 a year.
- The Median household income of a Elmont resident is $104,539 a year. The US average is $69,021 a year.