Bangor, NY is a small town located in Elmira County. It has a population of 1,172 people according to the latest census data. The median two bedroom rent in Bangor is $820 which is substantially lower than the US average of $1,430. Grocery cost index in Bangor is also lower as it stands at 102 versus 100 in the US. This suggests that living costs in Bangor are quite low compared to other parts of New York State.
Local businesses include Pet Supplies Plus, Dairy Queen, and Aarons Furniture Outlet Store which provide jobs to residents in the area. In addition, there are several restaurants and cafes such as The Wood Fired Oven and Tony's Pizza that offer quality local cuisine for those looking to eat out or take away food options.
In conclusion, Bangor NY offers an affordable cost of living with reasonable rental prices and low grocery costs. Local businesses provide employment opportunities for residents while also offering quality goods and services directly within the area.
Bangor has an unemployment rate of 6.5%. The US average is 6.0%.
Bangor has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Bangor
- The Sales Tax Rate for Bangor is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Bangor 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 Bangor
- The average income of a Bangor resident is $20,069 a year. The US average is $28,555 a year.
- The Median household income of a Bangor resident is $66,000 a year. The US average is $69,021 a year.