Covert, NY Economy


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Covert, NY is a small town located in Tompkins County. It is a great place to rent a two bedroom apartment at an affordable rate of $1,050 per month as compared to the US average of $1,430 for the same size unit. Grocery cost index in Covert is also the same as that of the US with a score of 100. The town offers several amenities for residents such as a variety of shops and restaurants. Local companies like Big Oak Farms, Covert Country Store, and Covert Restaurant are popular choices for those looking for local businesses. Additionally, there are many attractions in the area such as Robert H Treman State Park which has trails and waterfalls ideal for outdoor activities and Buttermilk Falls State Park which has beautiful views. There are also other activities available such as golfing at Hillendale Country Club or getting some fresh air at Treman Marina. Overall, Covert is an ideal destination for people looking to find an affordable place to live and enjoy all that it has to offer.

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

Covert has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.

Tax Rates for Covert
- The Sales Tax Rate for Covert is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Covert 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 Covert
- The average income of a Covert resident is $28,186 a year. The US average is $28,555 a year.
- The Median household income of a Covert resident is $61,146 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCovert, New YorkUnited States
  6.76
  -8.8%-6.2%
  34.7%33.5%
  8.0%6.2%
  6.2%4.6%
  $35,869$37,638
  $61,146$69,021
  $78,869$85,028
  Population by Occupation
  6.9%1.2%
  0.0%0.5%
  10.6%6.8%
  10.0%10.0%
  0.0%2.5%
  7.0%11.0%
  1.7%4.8%
  0.2%0.8%
  1.3%1.9%
  1.5%4.7%
  3.1%1.9%
  6.0%7.6%
  0.0%0.1%
  3.2%4.2%
  18.2%9.3%
  12.9%14.0%
  1.8%2.1%
  3.5%7.0%
  3.8%4.8%
  8.2%4.7%
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