Amagansett, NY Economy


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Amagansett, NY is located in the eastern part of Long Island and is a popular destination for tourists. It offers a wide range of activities and amenities that make it an ideal place to live. The cost of living in Amagansett is slightly higher than the US average, with 2-bedroom rents coming in at $2,370 versus the US rate of $1,430. The grocery cost index for Amagansett is also higher than the national average, at 127 compared to 100 for the US. Despite the high costs associated with living in this area, its attractive location provides many benefits including access to beaches, restaurants, galleries, shops and more. Local companies include Cavaniola's Gourmet Cheese Shop & Cafe and Provisions Natural Foods Market & Cafe. There are also several local attractions such as Pantigo Windmill, Indian Wells Beach and Napeague State Park. With its great location and abundance of activities to enjoy, Amagansett is a great place to live or visit.

Amagansett has an unemployment rate of 6.1%. The US average is 6.0%.

Amagansett 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 Amagansett
- The Sales Tax Rate for Amagansett is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Amagansett 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 Amagansett
- The average income of a Amagansett resident is $55,716 a year. The US average is $28,555 a year.
- The Median household income of a Amagansett resident is $155,288 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAmagansett, New YorkUnited States
  6.16
  -6.6%-6.2%
  26.8%33.5%
  8.6%6.2%
  6.2%4.6%
  $117,926$37,638
  $155,288$69,021
  $162,375$85,028
  Population by Occupation
  5.0%1.2%
  0.0%0.5%
  6.7%6.8%
  0.0%10.0%
  0.0%2.5%
  2.9%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  1.2%4.7%
  4.4%1.9%
  34.0%7.6%
  0.0%0.1%
  0.0%4.2%
  16.1%9.3%
  4.7%14.0%
  10.3%2.1%
  3.2%7.0%
  0.0%4.8%
  11.4%4.7%
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