Islip, NY is an affluent town in Suffolk County located on Long Island. The average rent for a two bedroom here is $2,230, which is significantly higher than the US average of $1,430. Additionally, grocery cost index in Islip stands at 105 compared to 100 in the US. There are many local businesses that can provide further insight into the cost of living in Islip. For example, Sandpiper Realty offers detailed rental listings and guidance on renting or buying a home in Islip. The local Chamber of Commerce provides resources and information about business operations and activities in Islip. The Independent Office of Assessments offers annual assessment reports on property values within Islip. With these resources, individuals can gain more insight into living costs and conditions in this beautiful town.
Islip has an unemployment rate of 6.1%. The US average is 6.0%.
Islip 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 Islip
- The Sales Tax Rate for Islip is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Islip 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 Islip
- The average income of a Islip resident is $32,134 a year. The US average is $28,555 a year.
- The Median household income of a Islip resident is $111,656 a year. The US average is $69,021 a year.