Rye, NY Economy


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Rye city, NY is a vibrant city located in Westchester County. It is known for its excellent schools, beautiful parks and pristine beaches — all of which make it a great place to live. The cost of two-bedroom rent in Rye city is $3,120, which is more than double the national average of $1,430. Furthermore, the Grocery Cost Index in Rye City is 121 versus 100 nationally.
Rye City has something for everyone with a variety of local businesses and attractions such as Playland Amusement Park, the Rye Nature Center and the Hoyt Mansion Museum. For shopping there are popular outlets like Westchester Mall, or for dining out there are several great restaurants like The Ruby Elm Specialty Boutique Cafe and Beechmont Tavern & Garden. With so much to see and do, Rye City is an ideal place to live or visit!

Rye has an unemployment rate of 5.1%. The US average is 6.0%.

Rye has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.

Tax Rates for Rye
- The Sales Tax Rate for Rye is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Rye 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 Rye
- The average income of a Rye resident is $92,871 a year. The US average is $28,555 a year.
- The Median household income of a Rye resident is $207,930 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRye, New YorkUnited States
  5.16
  -6.3%-6.2%
  27.3%33.5%
  4.4%6.2%
  6.2%4.6%
  $129,955$37,638
  $207,930$69,021
  $250,001$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.7%6.8%
  3.7%10.0%
  1.7%2.5%
  4.8%11.0%
  2.1%4.8%
  0.0%0.8%
  4.1%1.9%
  23.1%4.7%
  4.6%1.9%
  17.0%7.6%
  0.2%0.1%
  1.7%4.2%
  12.5%9.3%
  10.3%14.0%
  2.3%2.1%
  2.6%7.0%
  3.6%4.8%
  2.1%4.7%
Reviews for Rye
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Over 15 years ago

Excellent community with terrific schools, proximity to New York City and New England, a vibrant town center and well educated residents. The only draw back is the cost  More

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Over 16 years ago

Small city that offers all the charm of living in a highly educated, upscale small town setting with close proximity to New York City, Connecticut and New England, and  More

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