Babylon, NY is a great place to live. The 2 bedroom rent in Babylon, NY is about $2,140 which is significantly higher than the US average of $1,430. Grocery cost index in Babylon, NY is 105 versus 100 in the US which means groceries are slightly more expensive here. Local companies include the Babylon Health Center, North Shore Animal Hospital and Crossroads hauling & delivery services. There are also several restaurants and shops like The Market Diner, Bay Alarm Medical and Russo's on the Bay that give Babylon its unique atmosphere.
Babylon has an unemployment rate of 6.1%. The US average is 6.0%.
Babylon 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 Babylon
- The Sales Tax Rate for Babylon is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Babylon 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 Babylon
- The average income of a Babylon resident is $31,922 a year. The US average is $28,555 a year.
- The Median household income of a Babylon resident is $106,106 a year. The US average is $69,021 a year.