Copenhagen, NY is a small town located in the northern part of the state with an estimated population of just over 700 people. It has a variety of local businesses that cater to the needs of its residents like Girdin’s Grocery store, Hansen’s Hardware, and The Village Inn restaurant. Living in Copenhagen is more affordable compared to other places due to lower than average rent prices as well as decreased grocery costs. On average, 2 bedroom apartments rent for $1,170 per month compared to the US average of $1,430 for similar units. Additionally, according to a study conducted by Money Magazine the cost of groceries are 8 percent cheaper in Copenhagen than they are throughout the US. These financial advantages make Copenhagen an attractive option for those searching for a place to call home.
Copenhagen has an unemployment rate of 7.6%. The US average is 6.0%.
Copenhagen has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Copenhagen
- The Sales Tax Rate for Copenhagen is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Copenhagen 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 Copenhagen
- The average income of a Copenhagen resident is $26,331 a year. The US average is $28,555 a year.
- The Median household income of a Copenhagen resident is $68,125 a year. The US average is $69,021 a year.