Central Square, NY Economy


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Central Square, NY is a great place to live. It is conveniently located near many local businesses and services, including the popular Central Square Farmers Market, which offers fresh produce and delicious meals. There are also a number of small businesses in the area, such as clothing stores, boutiques, art galleries, bookstores, music stores, and other specialty shops. The cost of living in Central Square is relatively low compared to the rest of New York State; 2 bedroom rents average around $1,100 per month compared to the US average of $1,430 per month. Additionally, the grocery cost index in Central Square is 99 versus 100 in the US. All these factors make Central Square an attractive destination for people looking for an affordable yet vibrant lifestyle.

Central Square has an unemployment rate of 7.5%. The US average is 6.0%.

Central Square has seen the job market increase by 0.6% 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 Central Square
- The Sales Tax Rate for Central Square is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Central Square 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 Central Square
- The average income of a Central Square resident is $25,588 a year. The US average is $28,555 a year.
- The Median household income of a Central Square resident is $60,192 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCentral Square, New YorkUnited States
  7.56
  -4.4%-6.2%
  20.4%33.5%
  8.0%6.2%
  6.2%4.6%
  $37,804$37,638
  $60,192$69,021
  $104,107$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  8.3%6.8%
  7.4%10.0%
  2.2%2.5%
  16.4%11.0%
  3.3%4.8%
  0.5%0.8%
  1.4%1.9%
  7.7%4.7%
  6.2%1.9%
  6.3%7.6%
  0.0%0.1%
  0.1%4.2%
  13.5%9.3%
  12.0%14.0%
  1.6%2.1%
  6.6%7.0%
  3.6%4.8%
  2.8%4.7%
Reviews for Central Square
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Over 16 years ago

I lived in this wonderful area as a teenager from 1978-1980 I found the folks here to be most staightforward and real, not afraid to tell you there opinion. I miss  More

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