Chenango Bridge, NY Economy


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Chenango Bridge, NY is a quaint town located in Broome County. It is conveniently located just 10 miles away from Binghamton, making it close enough for many locals to commute to work. The cost of rent for a two bedroom apartment is much lower than the national average, at $940 compared to the US average of $1,430. The area also boasts a low grocery cost index of 98 compared to 100 nationally.
Chenango Bridge offers many great local amenities including Grocery Plus, a family owned and operated grocery store that has served the community since 2005. There are also several restaurants like Villa Verde Pizza & Restaurant, which serves classic Italian food and Mangia Seafood Restaurant & Bar, where you can enjoy fresh seafood dishes. Residents can also enjoy the outdoors at Chenango Valley State Park or take advantage of the cultural attractions in nearby Binghamton.

Chenango Bridge has an unemployment rate of 7.0%. The US average is 6.0%.

Chenango Bridge has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.

Tax Rates for Chenango Bridge
- The Sales Tax Rate for Chenango Bridge is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Chenango Bridge 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 Chenango Bridge
- The average income of a Chenango Bridge resident is $29,952 a year. The US average is $28,555 a year.
- The Median household income of a Chenango Bridge resident is $87,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChenango Bridge, New YorkUnited States
  76
  -5.8%-6.2%
  19.1%33.5%
  8.0%6.2%
  6.2%4.6%
  $43,092$37,638
  $87,500$69,021
  $94,167$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  1.7%6.8%
  7.5%10.0%
  2.7%2.5%
  15.8%11.0%
  1.2%4.8%
  0.0%0.8%
  0.6%1.9%
  4.6%4.7%
  2.6%1.9%
  7.6%7.6%
  0.0%0.1%
  2.3%4.2%
  19.6%9.3%
  24.6%14.0%
  3.3%2.1%
  0.9%7.0%
  1.8%4.8%
  3.0%4.7%
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