Germantown, NY is a vibrant small town located in Columbia County. With two bedroom rent being significantly cheaper than the US average of $1,430, it is also a popular destination for those looking for an affordable place to live. Despite its small size, Germatown has a lot to offer with various attractions such as the Kaaterskill Falls or the Olana State Historic Site. The local grocery cost index in Germantown is at 105 compared to 100 nationally; this combined with its affordability makes it ideal for residents and visitors alike. There are also several local businesses that contribute to the vibrant community including Silver Arrow Farm and Dairy Store for fresh produce and dairy products and Spring Rain Farm which offers natural meats and poultry.
Germantown has an unemployment rate of 5.3%. The US average is 6.0%.
Germantown has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Germantown
- The Sales Tax Rate for Germantown is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Germantown 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 Germantown
- The average income of a Germantown resident is $30,672 a year. The US average is $28,555 a year.
- The Median household income of a Germantown resident is $83,958 a year. The US average is $69,021 a year.