Herkimer, NY is a small city located in the Mohawk Valley region of New York State. It has an estimated population of 8,000 and is known for its diverse culture and affordable cost of living. The average two bedroom rent in Herkimer is $1,000 per month which is much lower than the U.S. average of $1,430. Additionally, the Grocery Cost Index in Herkimer is 96 versus 100 in the U.S., making it more budget-friendly for groceries as well. \nFor those looking to work in Herkimer there are many businesses such as Staley's Discount Tire & Automotive Repair, WKTV NewsChannel 2 – Your News and Weather Authority, Remington Arms Company LLC., and Adirondack Bank just to name a few.
Herkimer has an unemployment rate of 8.3%. The US average is 6.0%.
Herkimer has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Herkimer
- The Sales Tax Rate for Herkimer is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Herkimer 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 Herkimer
- The average income of a Herkimer resident is $22,176 a year. The US average is $28,555 a year.
- The Median household income of a Herkimer resident is $54,452 a year. The US average is $69,021 a year.