West Point, NY is a great place to live for many reasons. For starters, the rent for two-bedroom apartments in West Point is fairly low compared to the national average; at just $2,390 per month versus the US average of $1,430 per month. Additionally, there is an abundance of local businesses that residents can shop at. Some of these include Stop & Shop, CVS Pharmacy, Staples, and Target. The cost of groceries also remains relatively affordable with the Grocery Cost Index in West Point being 6 points above the US average at 106. All these factors combined make West Point an attractive destination for those looking for a new home without breaking the bank.
West Point has an unemployment rate of 6.1%. The US average is 6.0%.
West Point has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for West Point
- The Sales Tax Rate for West Point is 8.1%. The US average is 7.3%.
- The Income Tax Rate for West Point 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 West Point
- The average income of a West Point resident is $20,546 a year. The US average is $28,555 a year.
- The Median household income of a West Point resident is $121,219 a year. The US average is $69,021 a year.