Poughkeepsie, New York is located in the Mid-Hudson region of the state and offers a wide variety of businesses and amenities. The city is known for its affordable housing, with two bedroom apartments renting at around $1,540 per month compared to the US average of $1,430. Additionally, the cost of groceries in Poughkeepsie is higher than the US average, with a local grocery cost index of 104 versus 100 across the US. This makes it an attractive place to live for those looking to save money on groceries while still living close to major local businesses such as IBM Watson Research Center and Marist College. Other well-known companies operating in Poughkeepsie include Health Quest Medical Practice and Central Hudson Gas & Electric Corporation.
Poughkeepsie has an unemployment rate of 8.5%. The US average is 6.0%.
Poughkeepsie 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 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Poughkeepsie
- The Sales Tax Rate for Poughkeepsie is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Poughkeepsie 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 Poughkeepsie
- The average income of a Poughkeepsie resident is $23,923 a year. The US average is $28,555 a year.
- The Median household income of a Poughkeepsie resident is $48,805 a year. The US average is $69,021 a year.