Greenfield, NY is a small town located in the southern part of New York State. It is known for its beautiful scenery and friendly atmosphere. The cost of living in Greenfield is relatively low with two bedroom rental apartments costing around $1,340 compared to the national average of $1,430. The grocery cost index in Greenfield is also lower than the national average, at 105 compared to 100 in the US.
Greenfield's economy is made up primarily of agriculture and food processing businesses. Local companies include Nussbaumer Farms, Welch's Fruit Farm & Market, and J&D Windmill Knives, a custom knife-making business owned by a local couple. Other notable industries in Greenfield include hospitality such as hotels and restaurants, as well as woodworking shops. There are also some excellent recreational activities available to locals and visitors alike such as fishing on Lake Eerie or visiting one of Greenfield's many nature trails.
Greenfield has an unemployment rate of 5.1%. The US average is 6.0%.
Greenfield 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 Greenfield
- The Sales Tax Rate for Greenfield is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Greenfield 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 Greenfield
- The average income of a Greenfield resident is $31,061 a year. The US average is $28,555 a year.
- The Median household income of a Greenfield resident is $82,163 a year. The US average is $69,021 a year.