Canastota, NY is a small town located in Madison County. It is about 50 miles southeast of Syracuse and 12 miles east of Oneida Lake. The town has a population of around 5,000 people and offers many local businesses such as IWC Construction Corporation, Canastota Printing, Applause Dance Academy, and the ShopRite Shopping Center. The cost of living in Canastota is lower than the US average with an average two bedroom rent of $1,070 compared to the national rate of $1,430. Additionally, the Grocery Cost Index in Canastota is 98 versus 100 in the US. This makes it an affordable option for those looking for a small-town atmosphere close to Syracuse.
Canastota has an unemployment rate of 6.3%. The US average is 6.0%.
Canastota 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 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Canastota
- The Sales Tax Rate for Canastota is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Canastota 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 Canastota
- The average income of a Canastota resident is $25,731 a year. The US average is $28,555 a year.
- The Median household income of a Canastota resident is $60,714 a year. The US average is $69,021 a year.