Riverhead, NY is a small but vibrant town located on Long Island's North Shore. It is known for its natural beauty and charming downtown area. Rent prices in Riverhead for two bedroom apartments are slightly higher than the national average of $1,430, currently sitting at $2,380. The cost of groceries in Riverhead is also higher than the national index of 100 with an index rating of 106.
The town offers a variety of attractions for visitors and locals alike. Some local companies in Riverhead include Granaio Italian Kitchen & Bar, Long Island Aquarium, Peconic River Herb Farm, and Splish Splash Waterpark. These businesses help bring life to the small town while providing enjoyable experiences to its residents. When compared to other places in New York, Riverhead has a much more laid-back atmosphere which makes it an ideal place to live or visit when looking for a little rest and relaxation.
Riverhead has an unemployment rate of 6.1%. The US average is 6.0%.
Riverhead has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Riverhead
- The Sales Tax Rate for Riverhead is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Riverhead 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 Riverhead
- The average income of a Riverhead resident is $33,987 a year. The US average is $28,555 a year.
- The Median household income of a Riverhead resident is $80,595 a year. The US average is $69,021 a year.