Scio, NY is a small community located in Allegany County. The cost of living compared to the US average is relatively low. For example, the average rent for a two bedroom apartment is $810 per month while the US average for the same is $1,430 per month. Prices for groceries are also lower than the national average with an index of 96 versus 100 in the US.
The town of Scio offers several local businesses that provide goods and services to its residents. Some notable companies include Scio Hardware, Johnson Brothers Grocery Store, and Zappala Insurance & Financial Services. The community also offers recreational activities such as tennis courts, swimming pools, and parks with playgrounds and picnic areas. In addition to this local amenities, Scio is home to many scenic views of nature including rolling hillsides, farmlands and winding streams along with beautiful sunsets over Lake Compounce.
Scio has an unemployment rate of 6.2%. The US average is 6.0%.
Scio has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 10.9%, which is lower than the US average of 33.5%.
Tax Rates for Scio
- The Sales Tax Rate for Scio is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Scio 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 Scio
- The average income of a Scio resident is $22,468 a year. The US average is $28,555 a year.
- The Median household income of a Scio resident is $50,357 a year. The US average is $69,021 a year.