East Farmingdale, NY Economy


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East Farmingdale, NY is a great place to live! It has a Grocery Cost Index of 107 compared to 100 in the US, making it an affordable place to buy groceries. It also has a two bedroom rental rate of $2,120 which is slightly higher than the average US rental rate of $1,430. There are many local companies in East Farmingdale such as Agrisys Inc., Tomar Signaling Systems, and Jet Aviation Business Jets that provide plenty of job opportunities for locals. With its affordability and local businesses, East Farmingdale, NY is an ideal place to call home.

East Farmingdale has an unemployment rate of 6.1%. The US average is 6.0%.

East Farmingdale has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.

Tax Rates for East Farmingdale
- The Sales Tax Rate for East Farmingdale is 8.6%. The US average is 7.3%.
- The Income Tax Rate for East Farmingdale 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 East Farmingdale
- The average income of a East Farmingdale resident is $33,328 a year. The US average is $28,555 a year.
- The Median household income of a East Farmingdale resident is $101,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEast Farmingdale, New YorkUnited States
  6.16
  -6.6%-6.2%
  26.8%33.5%
  8.6%6.2%
  6.2%4.6%
  $41,429$37,638
  $101,125$69,021
  $132,763$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.7%6.8%
  5.8%10.0%
  3.1%2.5%
  9.6%11.0%
  4.5%4.8%
  0.3%0.8%
  1.5%1.9%
  3.9%4.7%
  2.5%1.9%
  13.1%7.6%
  0.0%0.1%
  6.9%4.2%
  12.1%9.3%
  16.6%14.0%
  1.0%2.1%
  6.6%7.0%
  3.6%4.8%
  4.2%4.7%
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