Friendship, NY Economy


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United States / New York / No Metro Area / Allegany County / Friendship / Zip Codes
Friendship, NY is a small town located near the Finger Lakes region of upstate New York. The town boasts a population of around 4,000 people, and is known for its lush landscapes and peaceful atmosphere. The cost of living is quite low, with 2-bedroom renters paying an average of $760 per month. Groceries tend to be slightly cheaper than the national average as well, with an index score of 95 compared to 100 for the US.
Friendship is home to a variety of local businesses and restaurants including the LakeFork Brewery & Taproom, Bluestone Country Club & Golf Course, Friendly's Restaurant, and Friendship Florist & Gift Shop. With its charming atmosphere and affordable prices, Friendship is an ideal place to live or visit.

Friendship has an unemployment rate of 6.2%. The US average is 6.0%.

Friendship has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 10.9%, which is lower than the US average of 33.5%.

Tax Rates for Friendship
- The Sales Tax Rate for Friendship is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Friendship 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 Friendship
- The average income of a Friendship resident is $17,506 a year. The US average is $28,555 a year.
- The Median household income of a Friendship resident is $52,900 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFriendship, New YorkUnited States
  6.26
  -3.7%-6.2%
  10.9%33.5%
  8.5%6.2%
  6.2%4.6%
  $26,750$37,638
  $52,900$69,021
  $74,167$85,028
  Population by Occupation
  1.7%1.2%
  0.0%0.5%
  7.7%6.8%
  26.4%10.0%
  1.4%2.5%
  5.8%11.0%
  4.2%4.8%
  0.0%0.8%
  1.1%1.9%
  3.8%4.7%
  0.0%1.9%
  0.8%7.6%
  0.0%0.1%
  0.0%4.2%
  6.3%9.3%
  24.2%14.0%
  0.0%2.1%
  5.8%7.0%
  7.8%4.8%
  3.1%4.7%
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