Ramapo, NY is a scenic town located in the lower Hudson Valley. It has a vibrant community and diverse economy supported by local businesses, arts, entertainment, and leisure activities. The average rent for a two-bedroom home in Ramapo is $2,390 per month, which is higher than the US average of $1,430 per month. Groceries are also more expensive here with an index of 108 compared to 100 at the national level.
For businesses, Ramapo has plenty to offer including Ramapo College of New Jersey which offers unique programs in business administration, IT computer science and engineering. Additionally, there are several corporate office headquarters close by such as Mercedes Benz USA and Verizon Wireless that bring job opportunities to the area.
There are several attractions to check out while living in Ramapo including the historic Nyack Village Hall that was built in 1881 with amazing architecture. The Bear Mountain State Park is also nearby where outdoor enthusiasts can explore the trails or enjoy fishing on Hessian Lake. To take advantage of culture and food visit downtown Nyack where you’ll find numerous restaurants, galleries and museums.
Ramapo has an unemployment rate of 5.1%. The US average is 6.0%.
Ramapo has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Ramapo
- The Sales Tax Rate for Ramapo is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Ramapo 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 Ramapo
- The average income of a Ramapo resident is $25,302 a year. The US average is $28,555 a year.
- The Median household income of a Ramapo resident is $77,910 a year. The US average is $69,021 a year.