Ronkonkoma, NY Economy


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Ronkonkoma, NY is a great place to live. The average rent for a two-bedroom apartment is $2,090, which is significantly higher than the US average of $1,430. Additionally, the grocery cost index in Ronkonkoma is 105 versus 100 in the US. This makes it more expensive to buy groceries than other cities but still cost friendly overall. There are several local businesses in Ronkonkoma that contribute to its economy and culture, such as M&T Bank, Sunrise Preschool & Childcare Center, Angelina's Restaurant & Pizzeria and Premiere Aviation Parts Solutions Inc. These companies provide quality services and products to residents of Ronkonkoma and beyond.

Ronkonkoma has an unemployment rate of 6.1%. The US average is 6.0%.

Ronkonkoma 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 Ronkonkoma
- The Sales Tax Rate for Ronkonkoma is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Ronkonkoma 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 Ronkonkoma
- The average income of a Ronkonkoma resident is $33,459 a year. The US average is $28,555 a year.
- The Median household income of a Ronkonkoma resident is $114,216 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRonkonkoma, New YorkUnited States
  6.16
  -6.6%-6.2%
  26.8%33.5%
  8.6%6.2%
  6.2%4.6%
  $41,792$37,638
  $114,216$69,021
  $127,951$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.2%6.8%
  6.5%10.0%
  2.6%2.5%
  8.7%11.0%
  7.7%4.8%
  0.9%0.8%
  2.3%1.9%
  5.0%4.7%
  2.0%1.9%
  10.6%7.6%
  0.0%0.1%
  1.9%4.2%
  11.5%9.3%
  12.9%14.0%
  2.2%2.1%
  6.3%7.0%
  4.4%4.8%
  5.2%4.7%
Reviews for Ronkonkoma
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Over 9 years ago

Property taxes are very high and it makes it impossible to retire  More

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Over 11 years ago

Not much goes on in Ronkonkoma. It's best feature is that it's conveniently located to easily leave. It has a non-stop speed train to Manhattan and a little private  More

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