Gloversville, NY Economy


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Gloversville, NY is an ideal place for anyone looking for an affordable place to live and great amenities. The cost of a two bedroom apartment is only $970 compared to the US average of $1,430. In addition to its affordable housing, Gloversville is also known for its low grocery cost index with a rating of 97 versus 100 in the US. Locally you can find many attractions like the Paul Nigra Center for Creative Arts, where you can explore local culture and art. There are also plenty of places to shop like Gallo’s Shoes and Mohawk Valley Trading Co., which offer unique items that can not be found anywhere else. Gloversville is a great city to explore and discover something new every day.

Gloversville has an unemployment rate of 7.6%. The US average is 6.0%.

Gloversville has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.

Tax Rates for Gloversville
- The Sales Tax Rate for Gloversville is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Gloversville 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 Gloversville
- The average income of a Gloversville resident is $22,840 a year. The US average is $37,638 a year.
- The Median household income of a Gloversville resident is $42,363 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGloversville, New YorkUnited States
  7.66
  -3.8%-6.2%
  20.4%33.5%
  8.0%6.2%
  6.2%4.6%
  $22,840$37,638
  $42,363$69,021
  $48,537$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  5.2%6.8%
  10.3%10.0%
  1.9%2.5%
  19.2%11.0%
  7.1%4.8%
  0.1%0.8%
  2.5%1.9%
  1.2%4.7%
  0.6%1.9%
  2.1%7.6%
  0.2%0.1%
  5.9%4.2%
  7.6%9.3%
  18.4%14.0%
  1.7%2.1%
  4.7%7.0%
  7.4%4.8%
  3.3%4.7%
Reviews for Gloversville
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Over 17 years ago

Gloversville, NY once "Gloved the World". Today, in common with many cities which lost their economic base to cheap labor in other countries, Gloversville is in  More

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I have an opportunity to invest in some Gloversville multi-unit properties. I'd appreciate any feedback about the good and bad of doing this. I'm mostly interested in  More

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