Philmont, NY Economy


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Philmont, NY is a small town located in Columbia County, known for its rural beauty and peaceful atmosphere. Despite its small size, there is plenty to do and enjoy in Philmont. Popular local companies include Vly Creek Outfitters, which offers outdoor gear and apparel; The Greener Grocer, an organic grocery store; and The Iron Horse Restaurant & Pub, a local favorite eatery. For those looking to explore nature, the nearby Taconic State Park provides a great opportunity for hiking, camping, fishing and more. With affordable 2 bedroom rent at $1,090 and a grocery cost index of 101 versus the US average of 100, Philmont is an ideal place for young people or families on a budget looking to settle down at an affordable cost.

Philmont has an unemployment rate of 5.3%. The US average is 6.0%.

Philmont has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.

Tax Rates for Philmont
- The Sales Tax Rate for Philmont is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Philmont 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 Philmont
- The average income of a Philmont resident is $27,384 a year. The US average is $28,555 a year.
- The Median household income of a Philmont resident is $54,477 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPhilmont, New YorkUnited States
  5.36
  -5.5%-6.2%
  26.3%33.5%
  8.0%6.2%
  6.2%4.6%
  $27,752$37,638
  $54,477$69,021
  $71,500$85,028
  Population by Occupation
  5.3%1.2%
  0.0%0.5%
  8.8%6.8%
  8.3%10.0%
  3.0%2.5%
  13.2%11.0%
  6.5%4.8%
  0.0%0.8%
  1.8%1.9%
  1.9%4.7%
  2.3%1.9%
  6.5%7.6%
  0.0%0.1%
  5.1%4.2%
  6.2%9.3%
  10.7%14.0%
  9.1%2.1%
  4.0%7.0%
  3.5%4.8%
  3.9%4.7%
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