Baywood, NY is known for its easy access to outdoor recreation and local businesses. Along with its two bedroom rental rates of $2,140 a month, compared to the US average of $1,430, Baywood also has living expenses that are higher than the national average. It's Grocery Cost Index is 105 versus the US at 100. Despite this slight increase in living costs, Baywood has plenty of attractions and resources.
Businesses vary from small independent stores like Baywood Bakery and Fashions by Noelle to larger chains such as Target and Kroger. Residents also have access to recreational activities such as hiking, camping, fishing and biking in nearby parks such as Meese-Henderson Park or Carousel Park. With so much available in such a small town, Baywood appeals to travelers and locals alike looking for an exciting place to call home.
Baywood has an unemployment rate of 6.1%. The US average is 6.0%.
Baywood 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 Baywood
- The Sales Tax Rate for Baywood is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Baywood 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 Baywood
- The average income of a Baywood resident is $25,302 a year. The US average is $28,555 a year.
- The Median household income of a Baywood resident is $112,442 a year. The US average is $69,021 a year.