Old Westbury, NY is a small village located on Long Island. While it may be small in size, it offers a range of amenities to its residents including access to good education, employment opportunities, and plenty of recreational activities. The average 2 bedroom rent in Old Westbury is $2,580 compared to the US average of $1,430 which reflects the higher cost of living in this area. This is further demonstrated by the fact that the Grocery Cost Index in Old Westbury is 122 versus 100 in the US. The local economy includes businesses such as Trump National Golf Course, North Shore Sports Club & Spa , and Briarcliff College among others. Residents can expect to find affordable housing options but will need to plan ahead for everyday expenses like groceries and utilities.
Old Westbury has an unemployment rate of 5.9%. The US average is 6.0%.
Old Westbury 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 Old Westbury
- The Sales Tax Rate for Old Westbury is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Old Westbury 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 Old Westbury
- The average income of a Old Westbury resident is $69,322 a year. The US average is $28,555 a year.
- The Median household income of a Old Westbury resident is $250,001 a year. The US average is $69,021 a year.