Sagaponack, NY is a desirable location for those looking for a peaceful and serene atmosphere with access to the amenities of New York City. The 2 bedroom rent is significantly higher than the US average at $2,080 compared to $1,430. Additionally, grocery costs in Sagaponack are also higher at an index of 127 versus 100 in the US. For those considering moving to this area, some local companies include Sagaponack General Store, Sagaponack Garden Center & Nursery, and The Local Dish & Drink. These businesses offer fresh produce and goods as well as home services that help make this tight-knit community even more vibrant.
Sagaponack has an unemployment rate of 6.1%. The US average is 6.0%.
Sagaponack 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Sagaponack
- The Sales Tax Rate for Sagaponack is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Sagaponack 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 Sagaponack
- The average income of a Sagaponack resident is $133,452 a year. The US average is $28,555 a year.
- The Median household income of a Sagaponack resident is $86,875 a year. The US average is $69,021 a year.