Caton, NY Economy


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Caton, NY is an ideal place to live for those who want to be close to both city life and nature. Located between Corning and Elmira, it offers a variety of attractions such as the Mark Twain State Park, Watkins Glen International Raceway, and many vineyards. The cost of living in Caton is notably lower than the US average; 2 bedroom rent is only $1,050 compared to the US average of $1,430. Additionally, grocery costs are 98 versus 100 in the US. Popular local companies include Robert H. Treman State Park and Southern Tier Brewing Company. Families will appreciate the quality education options; schools in Caton include both Corning-Painted Post Area School District and Elmira City School District with many educational institutions nearby including Corning Community College and Alfred University.

Caton has an unemployment rate of 6.7%. The US average is 6.0%.

Caton has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.

Tax Rates for Caton
- The Sales Tax Rate for Caton is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Caton 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 Caton
- The average income of a Caton resident is $27,351 a year. The US average is $28,555 a year.
- The Median household income of a Caton resident is $83,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCaton, New YorkUnited States
  6.76
  -4.7%-6.2%
  20.1%33.5%
  8.0%6.2%
  6.2%4.6%
  $44,396$37,638
  $83,125$69,021
  $91,384$85,028
  Population by Occupation
  1.2%1.2%
  1.1%0.5%
  7.8%6.8%
  25.7%10.0%
  2.0%2.5%
  10.2%11.0%
  0.8%4.8%
  0.4%0.8%
  0.6%1.9%
  3.5%4.7%
  0.4%1.9%
  2.8%7.6%
  0.5%0.1%
  2.8%4.2%
  10.5%9.3%
  15.8%14.0%
  2.3%2.1%
  0.4%7.0%
  8.9%4.8%
  2.2%4.7%
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