South Farmingdale, NY Economy


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South Farmingdale, NY is a great place to call home. It has a variety of local businesses and amenities to make living here enjoyable. The average rent for a two bedroom is $2160, higher than the national average of $1430. Groceries in South Farmingdale are also slightly more expensive with an index of 107 compared to 100 for the US as a whole. Popular local companies include All-American Ford, DeVine Designz Hair Salon, and Party Perfect Catering with plenty of options for dining, shopping, and entertainment nearby. With its convenient location on Long Island and phenomenal community spirit, South Farmingdale is a great place to live!

South Farmingdale has an unemployment rate of 5.9%. The US average is 6.0%.

South Farmingdale 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 28.3%, which is lower than the US average of 33.5%.

Tax Rates for South Farmingdale
- The Sales Tax Rate for South Farmingdale is 8.6%. The US average is 7.3%.
- The Income Tax Rate for South Farmingdale 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 South Farmingdale
- The average income of a South Farmingdale resident is $38,397 a year. The US average is $28,555 a year.
- The Median household income of a South Farmingdale resident is $136,653 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouth Farmingdale, New YorkUnited States
  5.96
  -6.6%-6.2%
  28.3%33.5%
  8.6%6.2%
  6.2%4.6%
  $54,129$37,638
  $136,653$69,021
  $155,235$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  7.2%6.8%
  4.2%10.0%
  2.3%2.5%
  10.0%11.0%
  4.8%4.8%
  2.3%0.8%
  2.6%1.9%
  6.6%4.7%
  3.8%1.9%
  9.4%7.6%
  0.0%0.1%
  4.3%4.2%
  15.4%9.3%
  13.3%14.0%
  2.6%2.1%
  3.0%7.0%
  2.0%4.8%
  6.1%4.7%
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