Arkport, NY Economy


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Arkport, NY is an excellent place to live for those looking for affordable housing and great value groceries. The average rent for a two-bedroom home in Arkport is $860, much lower than the national average of $1,430. Additionally, the grocery cost index in Arkport is 97 compared to the US at 100, making it a great option for stocking up on food and other essentials.
The area has recently seen growth with local businesses and companies like Smith Catering Company, Jones Auto Repair, and Johnson Hardware Store opening in recent years. These new establishments provide more options when it comes to dining out or shopping locally.
Living in Arkport also offers a number of other benefits such as access to excellent schools and outdoor activities like hiking trails and parks perfect for exploring with family or friends. With its affordability and convenient location near larger cities like Rochester, Buffalo, Syracuse and Binghamton - Arkport is an ideal place to call home.

Arkport has an unemployment rate of 6.7%. The US average is 6.0%.

Arkport has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.

Tax Rates for Arkport
- The Sales Tax Rate for Arkport is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Arkport 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 Arkport
- The average income of a Arkport resident is $23,562 a year. The US average is $28,555 a year.
- The Median household income of a Arkport resident is $59,130 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyArkport, New YorkUnited States
  6.76
  -4.7%-6.2%
  20.1%33.5%
  8.0%6.2%
  6.2%4.6%
  $29,660$37,638
  $59,130$69,021
  $74,286$85,028
  Population by Occupation
  1.2%1.2%
  0.0%0.5%
  3.0%6.8%
  9.8%10.0%
  1.8%2.5%
  14.6%11.0%
  2.0%4.8%
  3.2%0.8%
  0.6%1.9%
  4.2%4.7%
  0.0%1.9%
  1.4%7.6%
  0.0%0.1%
  4.4%4.2%
  13.6%9.3%
  28.8%14.0%
  0.0%2.1%
  3.4%7.0%
  4.6%4.8%
  3.4%4.7%
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