Hector, NY is a small town located in the Finger Lakes region of upstate New York. It is situated on the western shore of Seneca Lake and has a population of about 700 people. The area boasts stunning natural scenery and a variety of activities like hiking, biking, and kayaking. The cost of living in Hector is more affordable than the national average with a 2 bedroom rent at $1,060 compared to the US average of $1,430. Grocery costs are also lower, with a grocery cost index in Hector at 101 compared to 100 in the US.
Local companies in Hector include Wiedmaier's Hardware Store which provides all sorts of hardware supplies like tools and paints for DIY projects; Watrous Farm Market which offers seasonal produce from local farms; and High Point Café & Bakery which serves delicious homemade pies and other treats.
Hector has an unemployment rate of 7.4%. The US average is 6.0%.
Hector has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Hector
- The Sales Tax Rate for Hector is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Hector 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 Hector
- The average income of a Hector resident is $28,749 a year. The US average is $28,555 a year.
- The Median household income of a Hector resident is $75,212 a year. The US average is $69,021 a year.