New Hudson, NY Economy


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United States / New York / No Metro Area / Allegany County / New Hudson / Zip Codes
New Hudson, NY is a small town located outside of New York City. It has a population of just under 2000 people and is known for its peaceful atmosphere and charming dwellings. The average rent for a two bedroom apartment in New Hudson, NY is $830, significantly lower than the average rent in the United States which is $1,430. Additionally, the Grocery Cost Index in New Hudson is 97 compared to 100 in the US as a whole. This makes it an economical place to live with financial savings on necessities like groceries. There are some great locally owned businesses such as McArdle's Pub & Restaurant which offers classic American fare and has been around since 1972. New Hudson also boasts a wonderful golf course called The Links at Union Vale. All these amenities make it an attractive destination for those looking for peace and low living costs!

New Hudson has an unemployment rate of 6.2%. The US average is 6.0%.

New Hudson has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 10.9%, which is lower than the US average of 33.5%.

Tax Rates for New Hudson
- The Sales Tax Rate for New Hudson is 8.5%. The US average is 7.3%.
- The Income Tax Rate for New Hudson 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 New Hudson
- The average income of a New Hudson resident is $22,450 a year. The US average is $28,555 a year.
- The Median household income of a New Hudson resident is $75,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Hudson, New YorkUnited States
  6.26
  -3.7%-6.2%
  10.9%33.5%
  8.5%6.2%
  6.2%4.6%
  $29,065$37,638
  $75,000$69,021
  $88,875$85,028
  Population by Occupation
  4.5%1.2%
  0.0%0.5%
  7.3%6.8%
  22.0%10.0%
  1.4%2.5%
  14.2%11.0%
  4.0%4.8%
  0.9%0.8%
  0.0%1.9%
  3.1%4.7%
  0.0%1.9%
  2.6%7.6%
  0.0%0.1%
  0.9%4.2%
  7.3%9.3%
  11.6%14.0%
  1.2%2.1%
  3.6%7.0%
  8.1%4.8%
  7.1%4.7%
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