Hume, NY Economy


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United States / New York / No Metro Area / Allegany County / Hume / Zip Codes
Hume, NY is a small town located in New York with a population of under 5,000 people. It has many great amenities to offer its residents such as affordable housing costs with rent for two-bedroom apartments averaging $800 as compared to the national average of $1,430. Grocery costs are also extremely low when compared to the US index, as Hume locals enjoy a price index of 96 versus 100 nationally. The town is home to plenty of local businesses such as Smith's General Store, Anderson's Bakery and Cafe, and Foye's Automotive Repair. Hume offers it's citizens a quiet small-town atmosphere that can't be found anywhere else.

Hume has an unemployment rate of 6.2%. The US average is 6.0%.

Hume has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 10.9%, which is lower than the US average of 33.5%.

Tax Rates for Hume
- The Sales Tax Rate for Hume is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Hume 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 Hume
- The average income of a Hume resident is $20,264 a year. The US average is $28,555 a year.
- The Median household income of a Hume resident is $65,469 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHume, New YorkUnited States
  6.26
  -3.7%-6.2%
  10.9%33.5%
  8.5%6.2%
  6.2%4.6%
  $23,683$37,638
  $65,469$69,021
  $72,386$85,028
  Population by Occupation
  5.1%1.2%
  0.0%0.5%
  10.6%6.8%
  6.8%10.0%
  0.0%2.5%
  12.9%11.0%
  11.5%4.8%
  0.6%0.8%
  0.0%1.9%
  2.6%4.7%
  0.0%1.9%
  0.7%7.6%
  0.0%0.1%
  4.2%4.2%
  17.2%9.3%
  10.5%14.0%
  0.6%2.1%
  3.3%7.0%
  4.2%4.8%
  9.2%4.7%
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