Pelham, NY is a charming town in the Westchester region that offers plenty of amenities and services to residents. The cost of rent for a two-bedroom apartment in Pelham is considerably higher than the national average, sitting at $2,360 compared to $1,430. Grocery costs are also higher here as the Cost Index is 113 versus 100 at the national level. Despite this elevated cost of living, Pelham remains an attractive destination for young professionals due to its vibrant business environment. There are several well-known companies based in Pelham such as Tiffany & Co., PepsiCo, and American Express. The town also has plenty of restaurants and shopping options along with recreational activities like parks and golf courses for residents to enjoy.
Pelham has an unemployment rate of 6.2%. The US average is 6.0%.
Pelham has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Pelham
- The Sales Tax Rate for Pelham is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Pelham 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 Pelham
- The average income of a Pelham resident is $73,829 a year. The US average is $28,555 a year.
- The Median household income of a Pelham resident is $184,821 a year. The US average is $69,021 a year.