Islip Terrace, NY is a small village located on Long Island about an hour east of New York City. The cost of living is relatively high, with the average 2 bedroom rent approximately double that of the US average. Additionally, the grocery cost index is higher than the national rate at 106 versus 100 respectively. Despite these costs, many people are attracted to Islip Terrace for its close proximity to major cities, its picturesque beaches and parks, and its vibrant local economy. Local companies in Islip Terrace include La Plage Restaurant & Bar, Robert's Auto Body Inc., Lewin & Associates Real Estate Appraisers Inc., and Atlantic Coast HVAC Corporation. Whether you are looking to start a business or just find a place to relax, Islip Terrace may be the perfect place for you.
Islip Terrace has an unemployment rate of 6.1%. The US average is 6.0%.
Islip Terrace has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Islip Terrace
- The Sales Tax Rate for Islip Terrace is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Islip Terrace 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 Islip Terrace
- The average income of a Islip Terrace resident is $54,313 a year. The US average is $37,638 a year.
- The Median household income of a Islip Terrace resident is $140,714 a year. The US average is $69,021 a year.