Denmark, NY is a small town located in upstate New York. It is known for its rural charm and picturesque landscapes. The average two bedroom rent in Denmark, NY is $1,060, which is significantly cheaper than the US average of $1,430. Similarly, the Grocery Cost Index in Denmark is 98 compared to 100 in the US, making it more affordable to shop for groceries there. The town also has a variety of businesses that support the local economy such as Hansen's Paint and Paper Store, Howe’s Country Store and the Denmark Farm Brewery. All of these businesses provide jobs to locals and offer an array of goods and services at competitive prices.
Denmark has an unemployment rate of 7.6%. The US average is 6.0%.
Denmark has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Denmark
- The Sales Tax Rate for Denmark is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Denmark 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 Denmark
- The average income of a Denmark resident is $24,428 a year. The US average is $28,555 a year.
- The Median household income of a Denmark resident is $62,829 a year. The US average is $69,021 a year.