German Flatts, NY is a small town located in upstate New York. It features a wide variety of local businesses including, but not limited to, restaurants, supermarkets, shops, and medical facilities. The cost of living in German Flatts is significantly lower than the US average with rent for 2 bedrooms averaging $840 compared to the national average of $1,430 and grocery costs at 97 on the index versus 100 nationally. Local companies provide employment opportunities for many residents and add to the small-town charm that draws people to explore German Flatts.
German Flatts has an unemployment rate of 8.3%. The US average is 6.0%.
German Flatts has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for German Flatts
- The Sales Tax Rate for German Flatts is 8.3%. The US average is 7.3%.
- The Income Tax Rate for German Flatts 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 German Flatts
- The average income of a German Flatts resident is $23,119 a year. The US average is $28,555 a year.
- The Median household income of a German Flatts resident is $64,309 a year. The US average is $69,021 a year.