South Valley, NY is an appealing place to live due to its low rent and cost of living as compared to the national average. A two bedroom apartment rents for $800, whereas the US average is $1,430. The Grocery Cost Index in South Valley stands at 97 compared to a US average of 100. The town is home to a variety of local businesses such as South Valley Construction, South Valley Financial Services, and South Valley Market, all of which add value to the local economy. All in all, South Valley offers a great quality of life at an affordable price point when compared with other parts of the country.
South Valley has an unemployment rate of 7.2%. The US average is 6.0%.
South Valley has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 15.6%, which is lower than the US average of 33.5%.
Tax Rates for South Valley
- The Sales Tax Rate for South Valley is 8.0%. The US average is 7.3%.
- The Income Tax Rate for South Valley 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 Valley
- The average income of a South Valley resident is $33,721 a year. The US average is $28,555 a year.
- The Median household income of a South Valley resident is $45,313 a year. The US average is $69,021 a year.