Washington Heights, NY is a vibrant neighborhood in Manhattan. The cost of living is relatively high with the average 2 bedroom rent coming in at $1,660 compared to the US average of $1,430. The grocery cost index for Washington Heights is 102 versus 100 in the US as a whole. Despite the higher cost of living, Washington Heights has much to offer those who call it home. It's bustling streets are filled with unique shops, restaurants and businesses like Taqueria Tlaxcalli, La Fonda Boricua Restaurant & Bar and Cacao Prieto Chocolate Factory—all providing goods and services that give this community its character and charm. Whether you're looking for some authentic Caribbean cuisine or handmade chocolates, Washington Heights has something for everyone!
Washington Heights has an unemployment rate of 6.1%. The US average is 6.0%.
Washington Heights has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Washington Heights
- The Sales Tax Rate for Washington Heights is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Washington Heights 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 Washington Heights
- The average income of a Washington Heights resident is $29,842 a year. The US average is $28,555 a year.
- The Median household income of a Washington Heights resident is $69,391 a year. The US average is $69,021 a year.