Lorenz Park, NY is a great place to live in New York. It has an affordable cost of living with 2 bedroom rent estimated at $2,050 compared to the US average of $1,430. The grocery cost index is also quite high at 102 versus 100 in the US.
The city has plenty of local businesses such as Holland's Florist, Lorenz Janitorial Services and Morey's Automotive Repair that are well known among residents. There are also many restaurants such as Mama Mia's Italian kitchen, Taco Cabana and Bao Chinese Cuisine for locals to enjoy. Furthermore, there are plenty of attractions in Lorenz Park such as Parkside Skatepark and Ritter Park that make it a great place to visit or reside.
Lorenz Park has an unemployment rate of 5.3%. The US average is 6.0%.
Lorenz Park has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Lorenz Park
- The Sales Tax Rate for Lorenz Park is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lorenz Park 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 Lorenz Park
- The average income of a Lorenz Park resident is $26,951 a year. The US average is $28,555 a year.
- The Median household income of a Lorenz Park resident is $77,857 a year. The US average is $69,021 a year.