Spring Valley, NY is a vibrant and diverse community located in Rockland County. The median two-bedroom rent is much higher than the U.S. average, making it an expensive place to live. However, its grocery cost index is slightly higher than the national average at 108 versus 100 in the US. Local companies include Spring Valley Home Depot, CVS Pharmacy, 7-Eleven, Stop & Shop Supermarket Company, and Dunkin Donuts. There are also numerous small businesses and restaurants that provide services for residents of Spring Valley. With its diverse population and great local amenities, Spring Valley is an ideal place to live for those looking for a modern city with plenty of opportunities.
Spring Valley has an unemployment rate of 5.8%. The US average is 6.0%.
Spring Valley 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 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Spring Valley
- The Sales Tax Rate for Spring Valley is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Spring Valley 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 Spring Valley
- The average income of a Spring Valley resident is $19,256 a year. The US average is $28,555 a year.
- The Median household income of a Spring Valley resident is $49,106 a year. The US average is $69,021 a year.