Springs, NY Economy


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Springs, NY is a small town located in the state of New York. It boasts a high quality of life with many amenities such as low crime rates and beautiful scenery. It’s perfect for families looking to live in a safe, comfortable community. The average two-bedroom rental here is $2,840, which is significantly higher than the national average of $1,430. The grocery cost index in Springs is also 119 compared to 100 in the US.
Springs is home to several businesses like Mariner's Harbor Marina, Costa Fruit & Produce, and KarmelKorn Shoppe. These businesses offer a selection of goods and services that make everyday life easier and more enjoyable for locals. In addition to these stores, there are numerous other attractions around town including art galleries, hiking trails, farms, and much more. With its stunning natural beauty and plethora of recreational activities, Springs provides an ideal environment for anyone seeking an enriching lifestyle experience.

Springs has an unemployment rate of 6.1%. The US average is 6.0%.

Springs 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 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Springs
- The Sales Tax Rate for Springs is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Springs 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 Springs
- The average income of a Springs resident is $49,558 a year. The US average is $28,555 a year.
- The Median household income of a Springs resident is $118,947 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySprings, New YorkUnited States
  6.16
  -6.6%-6.2%
  26.8%33.5%
  8.6%6.2%
  6.2%4.6%
  $65,490$37,638
  $118,947$69,021
  $146,090$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  14.9%6.8%
  0.3%10.0%
  2.3%2.5%
  7.5%11.0%
  1.3%4.8%
  0.0%0.8%
  4.6%1.9%
  5.6%4.7%
  1.1%1.9%
  17.4%7.6%
  0.0%0.1%
  6.1%4.2%
  11.4%9.3%
  12.5%14.0%
  4.1%2.1%
  4.8%7.0%
  3.9%4.8%
  2.2%4.7%
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