Ovid, NY is a small town located in the Finger Lakes region of New York State. The town has a population of around 1,400 and provides its residents with a laid-back atmosphere and close-knit community spirit. Ovid offers a range of local businesses, including Ken's Automotive, Miller's Barbecue, and Ovid Embroidery. It is also an affordable place to live, with the average rent for a two bedroom apartment costing $930 - significantly less than the average US rent which stands at $1,430. The Grocery Cost Index is also lower in Ovid than in the US overall – 98 versus 100 respectively.
Ovid has an unemployment rate of 6.7%. The US average is 6.0%.
Ovid has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.
Tax Rates for Ovid
- The Sales Tax Rate for Ovid is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Ovid 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 Ovid
- The average income of a Ovid resident is $25,407 a year. The US average is $28,555 a year.
- The Median household income of a Ovid resident is $53,424 a year. The US average is $69,021 a year.