Smallwood, NY is a small town located in Orange county with a population of about 700 people. Living in Smallwood can be quite affordable, as the average 2-bedroom rent in the area is only $1,000 per month, far lower than the national average of $1,430. Grocery costs are also relatively low with an index of 101 compared to 100 in the US on average. There are plenty of local businesses for residents to choose from such as the Smallwood Supermarket, Grocery Mart, and Joe's Diner to name a few. Smallwood has a great sense of community and offers an affordable place to live for many working professionals or families looking for small-town life near larger cities.
Smallwood has an unemployment rate of 6.7%. The US average is 6.0%.
Smallwood has seen the job market increase by 6.0% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Smallwood
- The Sales Tax Rate for Smallwood is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Smallwood 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 Smallwood
- The average income of a Smallwood resident is $36,052 a year. The US average is $28,555 a year.
- The Median household income of a Smallwood resident is $65,958 a year. The US average is $69,021 a year.