Phoenix, NY Economy


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Phoenix, NY is a small town located in Oswego County, New York. It is a great place to live with many resources and amenities available for its residents. The cost of living in Phoenix, NY is quite affordable and is lower than many other cities in the US. The average 2 bedroom rent is $1,010 which is much lower than the US average of $1430 per month. Additionally, grocery costs are also quite low with an index of 99 compared to 100 throughout the US.
The city of Phoenix, NY has many local businesses that provide a variety of services and products to its citizens. One such company is Lyons National Bank which offers financial services such as banking and mortgage lending, as well as other personal finance solutions. Other notable companies in Phoenix include Community Care Physicians medical group, St Joseph's Health Care Center hospital, and Oswego County Federal Credit Union financial institution. All these businesses help contribute to making Phoenix a great place to live for everyone!

Phoenix has an unemployment rate of 7.5%. The US average is 6.0%.

Phoenix 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 Phoenix
- The Sales Tax Rate for Phoenix is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Phoenix 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 Phoenix
- The average income of a Phoenix resident is $17,307 a year. The US average is $28,555 a year.
- The Median household income of a Phoenix resident is $54,940 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPhoenix, New YorkUnited States
  7.56
  -4.4%-6.2%
  20.4%33.5%
  8.0%6.2%
  6.2%4.6%
  $25,609$37,638
  $54,940$69,021
  $55,078$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  7.8%6.8%
  8.5%10.0%
  2.9%2.5%
  11.9%11.0%
  6.7%4.8%
  1.7%0.8%
  0.2%1.9%
  3.3%4.7%
  1.1%1.9%
  5.8%7.6%
  0.0%0.1%
  6.5%4.2%
  9.5%9.3%
  19.4%14.0%
  0.6%2.1%
  5.6%7.0%
  6.7%4.8%
  1.3%4.7%
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