Auburn, NY is a thriving city located in the Finger Lakes Region of New York. With a cost of living index that is 2 points lower than the US average, this small city has something for everyone. When it comes to housing, the two-bedroom rent in Auburn is $1,010 per month which is much lower than the national average. The grocery cost index is also lower at 98 versus 100 in the US. There are many local companies which make up the economy of Auburn such as Auburn Memorial Hospital, Wegmans Food Market, and Syracuse Research Corporation. These businesses provide employment opportunities for residents and help keep the economy stable and growing.
Auburn has an unemployment rate of 7.7%. The US average is 6.0%.
Auburn has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 15.6%, which is lower than the US average of 33.5%.
Tax Rates for Auburn
- The Sales Tax Rate for Auburn is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Auburn 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 Auburn
- The average income of a Auburn resident is $20,678 a year. The US average is $28,555 a year.
- The Median household income of a Auburn resident is $44,076 a year. The US average is $69,021 a year.