\nPalatine, NY is a small town situated in the western part of New York State. It has a population of around 5,000 people and offers many advantages to those living in the area. The town has a relatively low cost of living with an average two bedroom rent being only $900 compared to the US average of $1,430. In addition, the Grocery Cost Index in Palatine is 97 versus 100 for the entire country. There are several well-known companies that call Palatine home such as GlobalFoundries, Penfield Precision Casting Inc., and Specialty Machine Products Inc. With its low cost of living and business presence, Palatine makes an attractive location for anyone looking to start fresh or relocate.
Palatine has an unemployment rate of 7.8%. The US average is 6.0%.
Palatine has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Palatine
- The Sales Tax Rate for Palatine is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Palatine 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 Palatine
- The average income of a Palatine resident is $24,425 a year. The US average is $28,555 a year.
- The Median household income of a Palatine resident is $55,712 a year. The US average is $69,021 a year.