Minerva, NY is a small town located in Upstate New York. The cost of living is much lower than the national average; with two bedroom rent being around $1,010 compared to $1,430 nationally and grocery cost index of 105 versus 100 in the US. There are some great local companies and amenities in Minerva. For example, Ravenswood Winery offers a variety of unique wines made from grapes grown on their estate, while Minerva Chocolates provides delicious homemade treats and abundant seasonal flavors. For outdoor recreation, there's Lake Abanakee Park, which offers excellent fishing opportunities as well as hiking trails and picnic facilities. There's also nearby Minerva Beach State Park for swimming and boating activities.
Minerva has an unemployment rate of 6.8%. The US average is 6.0%.
Minerva has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.
Tax Rates for Minerva
- The Sales Tax Rate for Minerva is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minerva 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 Minerva
- The average income of a Minerva resident is $25,546 a year. The US average is $28,555 a year.
- The Median household income of a Minerva resident is $65,813 a year. The US average is $69,021 a year.