Glen Cove, NY Economy


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Glen Cove, NY is a great place to live as it offers many amenities and a low cost of living. The average 2 bedroom rent in Glen Cove is $2,320 which is lower than the US average of $1,430. The local grocery cost index in Glen Cove is 108 while the US index is 100. This means that groceries are slightly more expensive in Glen Cove compared to the rest of the country. There are plenty of local companies in Glen Cove that offer excellent services such as Helios Solar Solutions, Daniella Marie Salon & Spa, and Gold Coast Limousine. All in all, Glen Cove has much to offer its residents with its affordable cost of living and wide range of businesses.

Glen Cove has an unemployment rate of 6.8%. The US average is 6.0%.

Glen Cove 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 27.5%, which is lower than the US average of 33.5%.

Tax Rates for Glen Cove
- The Sales Tax Rate for Glen Cove is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Glen Cove 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 Glen Cove
- The average income of a Glen Cove resident is $36,141 a year. The US average is $28,555 a year.
- The Median household income of a Glen Cove resident is $81,693 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGlen Cove, New YorkUnited States
  6.86
  -6.6%-6.2%
  27.5%33.5%
  8.6%6.2%
  6.2%4.6%
  $41,668$37,638
  $81,693$69,021
  $98,707$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  7.6%6.8%
  2.7%10.0%
  3.2%2.5%
  10.3%11.0%
  2.0%4.8%
  0.2%0.8%
  1.9%1.9%
  5.1%4.7%
  2.5%1.9%
  8.2%7.6%
  0.0%0.1%
  6.0%4.2%
  12.0%9.3%
  15.9%14.0%
  2.3%2.1%
  11.0%7.0%
  5.2%4.8%
  3.8%4.7%
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