Hannawa Falls, NY is a small town with an estimated population of 2,000. The cost of living in Hannawa Falls is very affordable compared to the US average. The 2 bedroom rent averages $930 while the US averages come in at $1,430. Grocery costs are also lower than the national average, with a local index of 97 versus 100 in the US.
The town has several local businesses that serve its community including Two Rivers Hardware and Supply, Potter's Florist and Nursery, and Addison's Country Store. Residents can also enjoy restaurants like Granny's Diner and Red Dog Cafe. With low rent costs and grocery prices, Hannawa Falls makes an economical place to live for those who want a slower paced lifestyle away from more populated cities.
Hannawa Falls has an unemployment rate of 6.7%. The US average is 6.0%.
Hannawa Falls has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Hannawa Falls
- The Sales Tax Rate for Hannawa Falls is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Hannawa Falls 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 Hannawa Falls
- The average income of a Hannawa Falls resident is $28,483 a year. The US average is $28,555 a year.
- The Median household income of a Hannawa Falls resident is $86,856 a year. The US average is $69,021 a year.