Kings (Brooklyn), NY County is a vibrant borough located in the heart of New York City. It boasts a variety of cultural entertainment, world-class cuisine, and stunning views of the Manhattan skyline across the East River. Kings County is home to numerous iconic companies such as Citi Bike, DUMBO Digital Arts Festival, Rooftop Films, Brooklyn Museum, Barclays Center, and the Brooklyn Academy of Music. Furthermore, the cost of living in Kings county is slightly more expensive than other parts of the country; for example, rent for two bedrooms in Kings County is $2,450 while it is $1,430 in the US. Additionally, grocery costs are 118 versus 100 on an index in Kings County compared to other places in the country.
Kings County has an unemployment rate of 11.6%. The US average is 6.0%.
Kings County has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Kings County
- The Sales Tax Rate for Kings County is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Kings County 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 Kings County
- The average income of a Kings County resident is $25,932 a year. The US average is $28,555 a year.
- The Median household income of a Kings County resident is $67,753 a year. The US average is $69,021 a year.