Oyster Bay in New York is a beautiful small town on Long Island. It is located along the Oyster Bay Harbor and home to many popular attractions like Theodore Roosevelt’s historic summer White House, Planting Fields Arboretum State Historic Park, Sagamore Hill National Historic Site, and Caumsett State Park. Companies such as DHL Express, Skanska USA Building Inc., Stop and Shop Supermarket Co LLC, and Manhattan Beer Distributors are all local businesses that can be found in Oyster Bay. The cost of living in Oyster Bay is higher than the national average with a two-bedroom rent of $2,720 compared to the US average of $1,430. Additionally, the Grocery Cost Index is 109 versus 100 in the US. Despite its high cost of living it still remains an attractive option for many due to its numerous beaches and waterfront views as well as its proximity to both New York City and other parts of Long Island making it easy to both commute for work or explore other attractions.
Oyster Bay has an unemployment rate of 5.9%. The US average is 6.0%.
Oyster Bay has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Oyster Bay
- The Sales Tax Rate for Oyster Bay is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Oyster Bay 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 Oyster Bay
- The average income of a Oyster Bay resident is $64,685 a year. The US average is $37,638 a year.
- The Median household income of a Oyster Bay resident is $138,547 a year. The US average is $69,021 a year.