Scarsdale, NY is an affluent community located in Westchester County. The cost of living is significantly higher than the national average, with the median 2 bedroom rent being $2,510 versus $1,430 nationally. Additionally, the Grocery Cost Index in 115 versus 100 nationally. This means that groceries are 15% more expensive in Scarsdale than the US average. \nThe town of Scarsdale is home to many prominent companies such as Morgan Stanley, Mastercard Incorporated and PepsiCo Inc. Many professionals come to Scarsdale to benefit from its thriving economy and robust job market. It’s also home to many luxury stores and restaurants that cater to the wealthy residents of this area.
Scarsdale has an unemployment rate of 6.2%. The US average is 6.0%.
Scarsdale 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 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Scarsdale
- The Sales Tax Rate for Scarsdale is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Scarsdale 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 Scarsdale
- The average income of a Scarsdale resident is $113,535 a year. The US average is $28,555 a year.
- The Median household income of a Scarsdale resident is $250,001 a year. The US average is $69,021 a year.