Newark Valley village, NY is an affordable place to live with rents for a two-bedroom apartment at $860 per month – that's around 40% lower than the US average rent of $1,430. The Grocery Cost Index in Newark Valley village is also low, coming in at 98 versus the national average of 100. There are many local businesses and organizations to explore here, such as the Newark Valley Farmers Market which offers fresh produce from local vendors every Saturday, or the Newark Valley Historical Society which preserves the area's history through artifacts and educational programs. With its affordable living costs and rich local culture, it's easy to see why so many people choose to call Newark Valley village home.
Newark Valley village has an unemployment rate of 6.1%. The US average is 6.0%.
Newark Valley village has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.
Tax Rates for Newark Valley village
- The Sales Tax Rate for Newark Valley village is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Newark Valley village 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 Newark Valley village
- The average income of a Newark Valley village resident is $25,350 a year. The US average is $28,555 a year.
- The Median household income of a Newark Valley village resident is $65,833 a year. The US average is $69,021 a year.