Beaver Dam Lake, NY is a vibrant community located in the heart of New York. The two bedroom rent is much higher compared to the average in the US at $1,660 versus $1,430. This is likely due to the many local amenities and businesses found in Beaver Dam Lake. The cost of groceries is also higher than the national average with an index of 104 versus 100. Some popular businesses include Beaver Dam Cafe & Deli, Beavers Restaurant & Bar, and O'Keefe's Pub & Pizzeria. These restaurants provide locals with delicious food choices and friendly service. There are also a variety of shops and boutiques throughout the community as well as recreational activities such as hiking trails and fishing spots on the lake for visitors to enjoy.
Beaver Dam Lake has an unemployment rate of 6.1%. The US average is 6.0%.
Beaver Dam Lake has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Beaver Dam Lake
- The Sales Tax Rate for Beaver Dam Lake is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Beaver Dam Lake 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 Beaver Dam Lake
- The average income of a Beaver Dam Lake resident is $35,820 a year. The US average is $28,555 a year.
- The Median household income of a Beaver Dam Lake resident is $107,234 a year. The US average is $69,021 a year.