Wappingers Falls, NY is a small town situated along the Hudson River in New York State. It is home to a variety of businesses that contribute to the local economy, including restaurants, shops, services and more. The cost of living is relatively high compared to other areas due to its proximity to New York City, with 2 bedroom rent costing $1,730 versus $1,430 nationwide. The grocery cost index is also higher at 106 versus 100 nationally. Local companies such as Dutchess County-based schools and hospitals provide employment opportunities for many residents while supporting the community with quality products and services. These businesses bring much-needed jobs and investment into Wappingers Falls that pay good wages and offer job security. Furthermore, these businesses bring tax revenue into the area which helps fund public services such as education and healthcare, among others. By doing so they make an invaluable contribution to the wellbeing of Wappingers Falls' citizens.
Wappingers Falls has an unemployment rate of 5.8%. The US average is 6.0%.
Wappingers Falls has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Wappingers Falls
- The Sales Tax Rate for Wappingers Falls is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Wappingers Falls 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 Wappingers Falls
- The average income of a Wappingers Falls resident is $25,630 a year. The US average is $28,555 a year.
- The Median household income of a Wappingers Falls resident is $59,607 a year. The US average is $69,021 a year.