Westhampton, NY is a small town located on Long Island with a population of around 3,000. It is known for its stunning beaches and charming nature trails. This small town is great for anyone looking to enjoy leisurely walks or outdoor activities. The economy in Westhampton, NY is largely supported by the hospitality industry. There are many local businesses such as Tula’s Restaurant & Catering, The Firehouse Grill & Pub, Doc’s of the Bay restaurant, and Finestra Italian Steakhouse that provide food and drink services to locals and tourists alike. Meanwhile, the average rent for a two-bedroom apartment in Westhampton is about $2,520 compared to the national average which stands at $1,430. Additionally, the grocery cost index in Westhampton stands at 114 compared to the United States which has an index value of 100. All together these factors combine to make Westhampton an ideal place for people who wish to escape city life yet still have access to plenty of amenities.
Westhampton has an unemployment rate of 6.1%. The US average is 6.0%.
Westhampton has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Westhampton
- The Sales Tax Rate for Westhampton is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Westhampton 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 Westhampton
- The average income of a Westhampton resident is $45,901 a year. The US average is $28,555 a year.
- The Median household income of a Westhampton resident is $121,534 a year. The US average is $69,021 a year.