Mill Neck, NY is a small village located in Nassau County on the North Shore of Long Island. The village has an average rental price for two-bedroom homes of $3,030, which is significantly higher than the US average of $1,430. Additionally Mill Neck has a Grocery Cost Index that is 121 versus 100 in the US. This means that goods such as groceries are more expensive here than in other areas. The local economy is mainly based on business services, retail stores and education institutions. Some notable companies in Mill Neck include Gage & Tollner Real Estate Group, which provides real estate services to both buyers and sellers, and Metro Livery Service Inc., which provides transportation services for corporate events or private parties. Education-focused businesses such as The Birch School of Language Arts and Mill Neck Manor School for the Deaf also contribute to the local economy.
Mill Neck has an unemployment rate of 5.9%. The US average is 6.0%.
Mill Neck 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 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Mill Neck
- The Sales Tax Rate for Mill Neck is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Mill Neck 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 Mill Neck
- The average income of a Mill Neck resident is $132,251 a year. The US average is $37,638 a year.
- The Median household income of a Mill Neck resident is $250,001 a year. The US average is $69,021 a year.