Zip 10027 (Mt. Morris Park - Morningside Heights, NY) Economy


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10027 Mt. Morris Park, Morningside Heights, NY is an ideal place to live for those looking for a location close to many great local businesses and attractions. The average two bedroom rent in this neighborhood is $2,260 which is significantly higher than the national average of $1,430. This high cost of living can be attributed to the fact that it is located near multiple stores and other businesses such as Whole Foods Market, Rite Aid Pharmacy, Planet Fitness and Apple Store Carnegie Hill. Despite the high rental prices, people continue to move into this area due to its convenient access to local amenities and transportation which makes commuting a lot easier. With its abundance of restaurants, shops and entertainment centers nearby there are plenty of options available to those living in 10027 Mt Morris Park making it one of the most desirable neighborhoods in Morningside Heights.

Mt. Morris Park - Morningside Heights (zip 10027) has an unemployment rate of 11.2%. The US average is 6.0%.

Mt. Morris Park - Morningside Heights (zip 10027) 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 30.7%, which is lower than the US average of 33.5%.

Tax Rates for Mt. Morris Park - Morningside Heights (zip 10027)
- The Sales Tax Rate for Mt. Morris Park - Morningside Heights (zip 10027) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Mt. Morris Park - Morningside Heights (zip 10027) is 10.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Mt. Morris Park - Morningside Heights (zip 10027)
- The average income of a Mt. Morris Park - Morningside Heights (zip 10027) resident is $27,977 a year. The US average is $28,555 a year.
- The Median household income of a Mt. Morris Park - Morningside Heights (zip 10027) resident is $58,435 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMt. Morris Park - Morningside Heights, New YorkUnited States
  11.26
  -12.4%-6.2%
  30.7%33.5%
  8.9%6.2%
  10.1%4.6%
  $39,901$37,638
  $58,435$69,021
  $65,311$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  1.9%6.8%
  2.4%10.0%
  0.7%2.5%
  7.9%11.0%
  2.4%4.8%
  0.2%0.8%
  4.6%1.9%
  4.7%4.7%
  2.0%1.9%
  9.7%7.6%
  0.1%0.1%
  3.8%4.2%
  22.8%9.3%
  14.6%14.0%
  5.1%2.1%
  5.6%7.0%
  6.9%4.8%
  4.3%4.7%
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