Lakeland, NY Economy


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Lakeland, NY is a small town located in Westchester County about 28 miles away from Manhattan. The cost of living is lower than most cities, with 2 bedroom rent costing $1,080 and the grocery cost index being 98. It is the perfect place for families looking to get away from the hustle and bustle of big city life without sacrificing convenience and amenities. Popular local companies include Hudson Valley Bank, Hugo's Supermarket, KFC Home Cooking & Catering and Seigel Petroleum Corp.

Lakeland has an unemployment rate of 6.5%. The US average is 6.0%.

Lakeland 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 23.3%, which is lower than the US average of 33.5%.

Tax Rates for Lakeland
- The Sales Tax Rate for Lakeland is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lakeland 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 Lakeland
- The average income of a Lakeland resident is $27,503 a year. The US average is $28,555 a year.
- The Median household income of a Lakeland resident is $79,412 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLakeland, New YorkUnited States
  6.56
  -4.3%-6.2%
  23.3%33.5%
  8.0%6.2%
  6.2%4.6%
  $37,472$37,638
  $79,412$69,021
  $85,082$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.5%6.8%
  8.5%10.0%
  3.6%2.5%
  6.4%11.0%
  14.4%4.8%
  3.1%0.8%
  0.6%1.9%
  2.9%4.7%
  1.2%1.9%
  1.7%7.6%
  0.0%0.1%
  2.2%4.2%
  11.9%9.3%
  18.8%14.0%
  1.0%2.1%
  6.8%7.0%
  6.6%4.8%
  5.8%4.7%
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