Richland, NY Economy


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Richland, NY is a great place to live with plenty of amenities and attractions. With a 2 Bedroom Rent of $1,000 per month, it is much more affordable than other parts of the United States where the US 2 Bedroom Rent is $1,430. Additionally, the Grocery Cost Index in Richland is 98 versus 100 in the US making it an even better value for the money. \nLocal businesses can be found throughout Richland; some popular destinations are Belle's Coffee & Café, Joe's Pizza Place, and Richland Market. Each one offers unique experiences and products for visitors and locals alike. With its lower rental rates and cost of living index, Richland has become a desirable destination for people living on a budget while still providing quality services.

Richland has an unemployment rate of 7.5%. The US average is 6.0%.

Richland has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.

Tax Rates for Richland
- The Sales Tax Rate for Richland is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Richland 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 Richland
- The average income of a Richland resident is $22,892 a year. The US average is $28,555 a year.
- The Median household income of a Richland resident is $61,552 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRichland, New YorkUnited States
  7.56
  -4.4%-6.2%
  20.4%33.5%
  8.0%6.2%
  6.2%4.6%
  $33,765$37,638
  $61,552$69,021
  $79,583$85,028
  Population by Occupation
  4.0%1.2%
  0.0%0.5%
  10.7%6.8%
  5.9%10.0%
  2.4%2.5%
  14.4%11.0%
  4.3%4.8%
  4.6%0.8%
  1.2%1.9%
  2.8%4.7%
  1.3%1.9%
  7.4%7.6%
  0.0%0.1%
  3.4%4.2%
  8.6%9.3%
  13.0%14.0%
  0.5%2.1%
  8.9%7.0%
  4.2%4.8%
  2.4%4.7%
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