Shawangunk, NY Economy


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Shawangunk, NY is a small town located in the Hudson Valley region of New York state. It's known for its scenic beauty and outdoor activities such as hiking, biking, fishing, skiing, and more. The cost of living in Shawangunk is slightly higher than the national average; a two-bedroom rental will cost around $1,550 compared to $1,430 nationally. The grocery cost index is also higher -- 104 compared to 100 in the US.
Local businesses include hotels like Shawangunk Mountain Resort and Golf Club, restaurants like Applewood Winery Restaurant & Bar and Sukhothai Cuisine Of Thailand, an array of family-run shops selling antiques and handcrafted items like Nutshell Antiques & Collectibles , plus a variety of services from hair salons to auto repair shops.
In addition to outdoor activities such as hiking trails at Sam’s Point Preserve or boating on Lake Minnewaska State Park Preserve, there's plenty more to explore in Shawangunk. Local attractions include Minnewaska State Park with its lush forests and waterfalls; the nearby Vanderbilt Mansion National Historic Site; as well as taste testing at award-winning artisanal wineries such as Robibero Family Vineyards.

Shawangunk has an unemployment rate of 6.2%. The US average is 6.0%.

Shawangunk has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.

Tax Rates for Shawangunk
- The Sales Tax Rate for Shawangunk is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Shawangunk 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 Shawangunk
- The average income of a Shawangunk resident is $26,898 a year. The US average is $28,555 a year.
- The Median household income of a Shawangunk resident is $92,066 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyShawangunk, New YorkUnited States
  6.26
  -6.0%-6.2%
  26.5%33.5%
  8.0%6.2%
  6.2%4.6%
  $35,017$37,638
  $92,066$69,021
  $108,000$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  9.2%6.8%
  7.8%10.0%
  2.0%2.5%
  10.9%11.0%
  6.8%4.8%
  0.6%0.8%
  1.1%1.9%
  4.7%4.7%
  1.5%1.9%
  5.6%7.6%
  0.0%0.1%
  1.9%4.2%
  9.6%9.3%
  18.3%14.0%
  1.0%2.1%
  6.1%7.0%
  5.0%4.8%
  7.3%4.7%
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