Galway, NY Economy


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Galway, NY is a small town located in Saratoga County. It is known for its picturesque countryside and quaint atmosphere. The area is home to several local attractions such as the Saratoga Winery, Galway Public Library, Galway Lake Beach, the Great Escape & Splashwater Kingdom and the Adirondack Bird Conservation Center. In addition to these attractions, there are also numerous businesses in the area including Grocery stores, restaurants, cafés and bars. The cost of living is relatively low with 2 bedroom rent being around $1,360 compared to the US average of $1,430. Furthermore, the Grocery Cost Index in Galway is 103 compared to 100 in the US. Overall, Galway, NY is a great place to live and work offering ample opportunity with its natural beauty and vibrant economy.

Galway has an unemployment rate of 5.1%. The US average is 6.0%.

Galway has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.

Tax Rates for Galway
- The Sales Tax Rate for Galway is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Galway 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 Galway
- The average income of a Galway resident is $38,251 a year. The US average is $28,555 a year.
- The Median household income of a Galway resident is $94,631 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGalway, New YorkUnited States
  5.16
  -3.6%-6.2%
  27.6%33.5%
  4.0%6.2%
  6.2%4.6%
  $40,857$37,638
  $94,631$69,021
  $121,563$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  8.0%6.8%
  11.0%10.0%
  1.9%2.5%
  8.3%11.0%
  1.8%4.8%
  5.1%0.8%
  2.2%1.9%
  8.4%4.7%
  0.2%1.9%
  7.6%7.6%
  0.0%0.1%
  1.3%4.2%
  10.4%9.3%
  10.3%14.0%
  0.7%2.1%
  3.3%7.0%
  3.0%4.8%
  16.1%4.7%
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