Corning, NY is a small city located in the Southern Tier of New York State with a population of approximately 11,183 people. Rent for two bedroom apartments in Corning is significantly lower than the US average at $1,040 compared to $1,430. Additionally, the grocery cost index in Corning is 98 versus 100 in the US. Corning is best known for its glass industry as it’s home to Corning Incorporated, a Fortune 500 manufacturer of specialty glasses and ceramics. It also houses several other notable companies such as Dresser-Rand Group Inc., FLX Bio Inc., and Carestream Health.
Corning has an unemployment rate of 6.7%. The US average is 6.0%.
Corning has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Corning
- The Sales Tax Rate for Corning is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Corning 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 Corning
- The average income of a Corning resident is $29,922 a year. The US average is $28,555 a year.
- The Median household income of a Corning resident is $53,269 a year. The US average is $69,021 a year.