Oyster Bay Cove, NY is a charming suburb on Long Island's north shore. The small community of Oyster Bay Cove is known for its diverse neighborhoods, beautiful scenery, low crime rate, and excellent schools. It has a stable economy with strong job opportunities in various industries such as finance, healthcare, technology, hospitality and retail. In addition, the proximity to New York City makes it an attractive option for young professionals looking for convenient commutes and plenty of leisure activities. The rental costs in Oyster Bay Cove are higher than the US average with 2 bedroom rent coming in at $2,690 compared to $1,430 nationally. Groceries are also more expensive here due to the Grocery Cost Index being 112 versus 100 in the US. Popular local companies include Oyster Bay Brewing Co., Hampton Hotels - Oyster Bay Location and Appetizing by Arnold's. With all these amenities combined, Oyster Bay Cove is an ideal place for many people to call home.
Oyster Bay Cove has an unemployment rate of 5.9%. The US average is 6.0%.
Oyster Bay Cove 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 Cove
- The Sales Tax Rate for Oyster Bay Cove is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Oyster Bay Cove 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 Cove
- The average income of a Oyster Bay Cove resident is $132,282 a year. The US average is $37,638 a year.
- The Median household income of a Oyster Bay Cove resident is $250,001 a year. The US average is $69,021 a year.