Yonkers, NY Economy


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Yonkers, NY is a city located in Westchester County that offers its residents a diverse culture and plenty of activities to do. The average 2 bedroom rent in Yonkers is $1,840 which is higher than the US average. Additionally, the grocery cost index in Yonkers is 108 versus 100 nationwide. Popular local companies in Yonkers include Bimbo Bakeries USA Inc., Subaru of America, Mavis Discount Tire, and Regeneron Pharmaceuticals. There are also numerous local restaurants and shops to explore in this vibrant city.

Yonkers has an unemployment rate of 7.6%. The US average is 6.0%.

Yonkers 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 25.5%, which is lower than the US average of 33.5%.

Tax Rates for Yonkers
- The Sales Tax Rate for Yonkers is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Yonkers 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 Yonkers
- The average income of a Yonkers resident is $30,114 a year. The US average is $28,555 a year.
- The Median household income of a Yonkers resident is $72,403 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyYonkers, New YorkUnited States
  7.66
  -6.3%-6.2%
  25.5%33.5%
  8.9%6.2%
  6.2%4.6%
  $39,086$37,638
  $72,403$69,021
  $87,416$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  7.2%6.8%
  4.2%10.0%
  2.3%2.5%
  9.9%11.0%
  6.9%4.8%
  0.9%0.8%
  2.1%1.9%
  4.4%4.7%
  2.4%1.9%
  5.9%7.6%
  0.1%0.1%
  3.4%4.2%
  11.0%9.3%
  20.0%14.0%
  2.7%2.1%
  6.3%7.0%
  4.7%4.8%
  5.2%4.7%
Reviews for Yonkers
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I lived in Yonkers my entire life, close enough to the city with less congestion. Some areas are difficult to access, and you must have a car to get around. There are a  More

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I've lived in this city for over 20 years in the Bryn Mawr section and I love it. We are the closest suburb to NYC. I can go and watch a broadway show and be back at  More

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My family and I have lived in northeast Yonkers for 18 years after leaving the grime and crime of Manhattan (my home). I bought a cute colonial on a quiet street 11  More

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