Nichols, NY is a small town located in upstate New York with an estimated population of just over 1,400 people. Rent for a two-bedroom apartment in Nichols is quite affordable compared to the national average, which stands at $1,430 per month. The cost of groceries here is even more attractive as the Grocery Cost Index is 98 compared to the US average of 100. There are several local businesses that operate in Nichols such as Ries Hardware Store, Monro Muffler Brake & Service and Big Fish Pizza. There's also a great selection of restaurants and stores for residents to enjoy.
Nichols has an unemployment rate of 6.1%. The US average is 6.0%.
Nichols 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 Nichols
- The Sales Tax Rate for Nichols is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Nichols 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 Nichols
- The average income of a Nichols resident is $22,550 a year. The US average is $28,555 a year.
- The Median household income of a Nichols resident is $66,250 a year. The US average is $69,021 a year.