Newark Valley in New York is an attractive area to live for those looking for a cheaper cost of living. The average 2 bedroom rent is $890 compared to the US average which is $1,430. Additionally, the Grocery Cost Index in Newark Valley is 98 versus 100 in the US. Local businesses include Glendale Farms, LLC, Newark Valley Country Store and Marathon Gas Station. These local companies offer convenient access to goods and services at prices lower than major retailers. All things considered, Newark Valley provides an ideal place to settle down with a low cost of living while still having access to necessary amenities like groceries.
Newark Valley has an unemployment rate of 6.1%. The US average is 6.0%.
Newark Valley has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.
Tax Rates for Newark Valley
- The Sales Tax Rate for Newark Valley is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Newark Valley 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 Newark Valley
- The average income of a Newark Valley resident is $36,114 a year. The US average is $28,555 a year.
- The Median household income of a Newark Valley resident is $69,918 a year. The US average is $69,021 a year.