Hyde Park, NY is a great place to live because it is affordable for many people. The average two bedroom rent is $1,360 compared to the national average, which is $1,430. The grocery cost index in Hyde Park is also lower than the rest of the US at 104 versus 100 respectively. This makes it an ideal location for individuals or families looking to save money on their monthly expenses. Many local businesses are located in this area such as Miller Motorsports, Hudson Valley Chemical Company, and Morgan Supply Co. All three companies offer products and services that are beneficial for people living in the area. Furthermore, with its relatively low costs of living and access to quality local businesses Hyde Park should be considered when looking for a place to call home.
Hyde Park has an unemployment rate of 5.8%. The US average is 6.0%.
Hyde Park has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Hyde Park
- The Sales Tax Rate for Hyde Park is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Hyde Park 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 Hyde Park
- The average income of a Hyde Park resident is $31,904 a year. The US average is $28,555 a year.
- The Median household income of a Hyde Park resident is $78,725 a year. The US average is $69,021 a year.