Richville, NY Economy


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Richville, NY is a small town located in the state of New York. It is known for its affordability, making it an ideal destination for those looking to live on a budget. The average rent for a two bedroom apartment in Richville is only $950, much lower than the national average of $1,430. Additionally, the grocery cost index in Richville is 96 compared to the US average of 100, making groceries more affordable in this area. Some local businesses in Richville include Eddy's Automotive Service and Repair Shop, Smith's Grocery Store and Bakery, and Jack's Pharmacy and Gift Shop. All these businesses offer their customers quality products at reasonable prices.

Richville has an unemployment rate of 6.7%. The US average is 6.0%.

Richville has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.

Tax Rates for Richville
- The Sales Tax Rate for Richville is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Richville 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 Richville
- The average income of a Richville resident is $21,226 a year. The US average is $28,555 a year.
- The Median household income of a Richville resident is $46,875 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRichville, New YorkUnited States
  6.76
  -3.2%-6.2%
  20.9%33.5%
  8.0%6.2%
  6.2%4.6%
  $23,261$37,638
  $46,875$69,021
  $47,292$85,028
  Population by Occupation
  6.0%1.2%
  0.0%0.5%
  10.0%6.8%
  11.0%10.0%
  0.0%2.5%
  21.0%11.0%
  3.0%4.8%
  1.0%0.8%
  1.0%1.9%
  2.0%4.7%
  0.0%1.9%
  3.0%7.6%
  0.0%0.1%
  3.0%4.2%
  9.0%9.3%
  18.0%14.0%
  2.0%2.1%
  3.0%7.0%
  1.0%4.8%
  6.0%4.7%
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