Sharon, NY Economy


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Sharon, NY is a great small town located in the Finger Lakes region which offers a variety of outdoor activities and beautiful scenery. The cost of living is relatively low with 2 bedroom rent costing $1,130 compared to the US at $1,430 and a Grocery Cost Index of 98 versus 100 nationally. Local companies can offer potential renters more than just employment opportunities; for example the local wineries provide tasting experiences, farmers markets sell local produce or even join a book club at one of the many independent bookshops. The benefit to living in Sharon is not only its affordability but also it's close knit community of friendly locals who enjoy their hometown and are always looking for new people to join them in their activities!

Sharon has an unemployment rate of 6.5%. The US average is 6.0%.

Sharon has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.

Tax Rates for Sharon
- The Sales Tax Rate for Sharon is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Sharon 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 Sharon
- The average income of a Sharon resident is $22,005 a year. The US average is $28,555 a year.
- The Median household income of a Sharon resident is $60,536 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySharon, New YorkUnited States
  6.56
  -3.9%-6.2%
  26.0%33.5%
  8.0%6.2%
  6.2%4.6%
  $28,531$37,638
  $60,536$69,021
  $64,464$85,028
  Population by Occupation
  7.6%1.2%
  0.0%0.5%
  11.0%6.8%
  10.3%10.0%
  1.2%2.5%
  10.6%11.0%
  7.0%4.8%
  2.9%0.8%
  0.8%1.9%
  2.8%4.7%
  0.8%1.9%
  3.5%7.6%
  0.0%0.1%
  1.4%4.2%
  10.6%9.3%
  10.7%14.0%
  0.4%2.1%
  6.0%7.0%
  7.8%4.8%
  4.6%4.7%
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