Zip 11003 (Elmont, NY) Economy


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Elmont, NY 11003 has an average two bedroom rent of $2,290 which is significantly higher than the U.S. average of $1,430. In addition to higher rent prices in Elmont, the Grocery Cost Index is 107 versus 100 in the US. Local businesses in Elmont include CityMD Urgent Care, F & D Auto Repair and Body Shop Inc., Petland Discounts, West Hempstead Animal Hospital, and Lee's Nail Hair & Spa. All these companies offer a variety of services for the residents of Elmont from health care to auto repair. These local companies are great resources for Elmont residents and visitors alike.

Elmont (zip 11003) has an unemployment rate of 6.2%. The US average is 6.0%.

Elmont (zip 11003) 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 27.9%, which is lower than the US average of 33.5%.

Tax Rates for Elmont (zip 11003)
- The Sales Tax Rate for Elmont (zip 11003) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Elmont (zip 11003) 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 Elmont (zip 11003)
- The average income of a Elmont (zip 11003) resident is $28,421 a year. The US average is $28,555 a year.
- The Median household income of a Elmont (zip 11003) resident is $107,088 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElmont, New YorkUnited States
  6.26
  -6.6%-6.2%
  27.9%33.5%
  8.6%6.2%
  6.2%4.6%
  $36,299$37,638
  $107,088$69,021
  $113,134$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  6.5%6.8%
  3.5%10.0%
  1.5%2.5%
  10.4%11.0%
  10.5%4.8%
  1.5%0.8%
  1.4%1.9%
  5.4%4.7%
  1.9%1.9%
  5.1%7.6%
  0.3%0.1%
  3.4%4.2%
  8.4%9.3%
  24.8%14.0%
  2.0%2.1%
  4.6%7.0%
  3.8%4.8%
  4.7%4.7%
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