Beacon, NY is a great place to live with the cost of living being relatively low when compared to other parts of the US. For example, the 2 bedroom rent in Beacon is about $1,740 whereas the US average is $1,430. Additionally, grocery costs in Beacon have a higher index rating of 107 versus 100 in the US. There are many local businesses that make living in Beacon enjoyable such as Denning’s Point Distillery, Hudson Valley Brewery and Max's On Main. The combination of lower cost of living and fun things to do make Beacon an ideal place to live.
Beacon has an unemployment rate of 5.8%. The US average is 6.0%.
Beacon has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Beacon
- The Sales Tax Rate for Beacon is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Beacon 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 Beacon
- The average income of a Beacon resident is $29,512 a year. The US average is $28,555 a year.
- The Median household income of a Beacon resident is $92,676 a year. The US average is $69,021 a year.