Broadalbin, NY Economy


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Broadalbin, NY is a small town located in Fulton County with a population of nearly 4,000 people. It is known for its picturesque views of the Adirondack Mountains and its rural charm. The cost of living index in Broadalbin is lower than that of the US overall, with 2 bedroom rent at $1,130 compared to $1,430 nationally. Grocery costs are also below the national average at 101 versus 100 in the US. Popular local companies include Johnstown Industrial Park and Burtonsville Farm, while local attractions consist of Adirondack State Park and Peebles Island State Park. Education wise there are several public schools such as Broadalbin-Perth Middle School and Perth Bible Church School serving the area's youth.

Broadalbin has an unemployment rate of 7.6%. The US average is 6.0%.

Broadalbin has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.

Tax Rates for Broadalbin
- The Sales Tax Rate for Broadalbin is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Broadalbin 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 Broadalbin
- The average income of a Broadalbin resident is $28,521 a year. The US average is $28,555 a year.
- The Median household income of a Broadalbin resident is $63,386 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBroadalbin, New YorkUnited States
  7.66
  -3.8%-6.2%
  20.4%33.5%
  8.0%6.2%
  6.2%4.6%
  $36,014$37,638
  $63,386$69,021
  $77,895$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  9.4%6.8%
  16.6%10.0%
  1.6%2.5%
  6.0%11.0%
  2.5%4.8%
  3.3%0.8%
  0.6%1.9%
  1.6%4.7%
  0.7%1.9%
  3.4%7.6%
  0.1%0.1%
  2.4%4.2%
  7.6%9.3%
  18.4%14.0%
  0.5%2.1%
  6.7%7.0%
  5.3%4.8%
  12.9%4.7%
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