Chatham, NY is a small upstate town located near the Massachusetts border. It has an average population of around 5,000 people, making it an ideal spot for those looking to get away from the hustle and bustle of everyday life. In terms of living costs, the rent for a two-bedroom apartment is about $1,210 which is slightly lower than the national average of $1,430. Moreover, other expenses such as groceries are also relatively cheap given that Chatham's Grocery Cost Index is 106 versus 100 in the US.
The town offers many local businesses and restaurants for its residents to enjoy. Notable companies include Chatham Farms Dairy store where you can buy locally sourced milk and cheese products as well as Chatham Diner, known for its delicious breakfast sandwiches and classic diner fare. There are also plenty of outdoor activities nearby such as hiking at nearby Mt Tom State Park or kayaking down Kinderhook Creek. Overall, Chatham is an ideal place for those looking to escape city life while still having access to amenities like restaurants and shops.
Chatham has an unemployment rate of 5.3%. The US average is 6.0%.
Chatham has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Chatham
- The Sales Tax Rate for Chatham is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Chatham 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 Chatham
- The average income of a Chatham resident is $43,674 a year. The US average is $28,555 a year.
- The Median household income of a Chatham resident is $92,794 a year. The US average is $69,021 a year.