Palermo, NY is a medium-sized town located in Oswego County. It has a population of approximately 5,000 people who live near the banks of Oneida Lake. The town is popular for its outdoor recreational activities such as fishing, boating, camping and hunting. There are also plenty of local businesses in the area such as Palermo Pizza, Palermo Restaurant, Palermo's Market and more. In addition to local businesses, there are also several cultural attractions in Palermo including the annual Oswego County Fair and the historic Fort Brewerton Museum. Rent prices for two bedroom homes in Palermo are significantly lower than the national average at $1,030 compared to $1,430 respectively. Additionally, grocery cost index is 98 compared to 100 in the US overall. Overall, Palermo is an ideal city for those looking for an affordable place with great outdoor recreational opportunities and culture activities.
Palermo has an unemployment rate of 7.5%. The US average is 6.0%.
Palermo has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Palermo
- The Sales Tax Rate for Palermo is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Palermo 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 Palermo
- The average income of a Palermo resident is $22,579 a year. The US average is $28,555 a year.
- The Median household income of a Palermo resident is $60,717 a year. The US average is $69,021 a year.