Butternuts, NY is a small town located in the heart of Upstate New York. It is home to many businesses such as Butternuts Deli & Grocery, Butternuts Hardware Store, and G&J BBQ. The cost of living in Butternuts is quite affordable compared to the US average with 2 bedroom rent prices being $920 versus $1,430 nationally. Additionally, the grocery cost index in Butternuts is 98 while it is 100 nationally. Consequently, Butternuts offers its residents a great balance between affordability and quality of life.
Butternuts has an unemployment rate of 6.3%. The US average is 6.0%.
Butternuts has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Butternuts
- The Sales Tax Rate for Butternuts is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Butternuts 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 Butternuts
- The average income of a Butternuts resident is $34,917 a year. The US average is $37,638 a year.
- The Median household income of a Butternuts resident is $70,455 a year. The US average is $69,021 a year.