Shokan, NY is a small but vibrant town located in Ulster County. It is home to many local businesses such as Shokan House of Pizza, Olde Hudson Valley Antiques, and Village Hardware. Despite its small size, 2 Bedroom Rent in Shokan is higher than the US average of $1,430 at $1,470. Additionally, the Grocery Cost Index in Shokan is 105 versus 100 in the US. This suggests that while it may be more expensive to live in Shokan than other parts of the country but residents enjoy access to quality stores with competitive pricing.
Shokan has an unemployment rate of 6.2%. The US average is 6.0%.
Shokan has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Shokan
- The Sales Tax Rate for Shokan is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Shokan 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 Shokan
- The average income of a Shokan resident is $32,354 a year. The US average is $28,555 a year.
- The Median household income of a Shokan resident is $57,305 a year. The US average is $69,021 a year.