Arkwright, NY is an ideal location for those looking to save money while still having access to the amenities of larger cities. The average two bedroom rent in Arkwright is $840, which is considerably cheaper than the United States average of $1,430. Additionally, the Grocery Cost Index in Arkwright is 98 versus 100 in the US, making it a great economical choice. Residents benefit from proximity to local businesses such as Walmart and Target, along with other establishments like Big Momma's Pizzeria and Heckscher State Park. This combination of affordability and convenience make Arkwright an attractive place to live for those looking for a bargain.
Arkwright has an unemployment rate of 7.4%. The US average is 6.0%.
Arkwright has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.
Tax Rates for Arkwright
- The Sales Tax Rate for Arkwright is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Arkwright 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 Arkwright
- The average income of a Arkwright resident is $26,773 a year. The US average is $28,555 a year.
- The Median household income of a Arkwright resident is $87,426 a year. The US average is $69,021 a year.