Water Mill, NY is a quaint village located in the beautiful Hamptons region of Long Island, New York. Home to some of the most beautiful beaches and local wildlife on the East Coast, Water Mill is a popular destination for locals and tourists alike. In terms of cost of living, rent for a two bedroom apartment averages at $3310 while groceries have an index score of 127 versus a baseline score of 100 in US. A number of local companies provide services across the region including the Water Mill Marina offering boat rentals and fishing charters as well as Hampton Jitney providing transportation to airports and around town. There are also many popular attractions such as Parrish Art Museum, Pollock-Krasner House & Studio and Mecox Beach for visitors to explore during their stay.
Water Mill has an unemployment rate of 6.1%. The US average is 6.0%.
Water Mill 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Water Mill
- The Sales Tax Rate for Water Mill is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Water Mill 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 Water Mill
- The average income of a Water Mill resident is $76,283 a year. The US average is $28,555 a year.
- The Median household income of a Water Mill resident is $162,396 a year. The US average is $69,021 a year.