Baiting Hollow, NY is a small town located in Long Island. It is known for its quiet neighborhoods and peaceful surroundings. There are many local businesses in Baiting Hollow, such as the North Fork Pharmacy, Bostwicks Clam Bar, and Long Island Aquarium & Exhibition Center. The cost of living in Baiting Hollow is higher than the national average. The average 2 bedroom rent is $2,530, which is much higher than the US average of $1,430. Additionally, the Grocery Cost Index in Baiting Hollow is 106 versus 100 in the US. All these factors make Baiting Hollow an expensive place to live compared to other cities and towns across America.
Baiting Hollow has an unemployment rate of 6.1%. The US average is 6.0%.
Baiting Hollow 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 Baiting Hollow
- The Sales Tax Rate for Baiting Hollow is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Baiting Hollow 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 Baiting Hollow
- The average income of a Baiting Hollow resident is $43,737 a year. The US average is $28,555 a year.
- The Median household income of a Baiting Hollow resident is $110,764 a year. The US average is $69,021 a year.