Caroline, NY Economy


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Caroline, NY is a small town located in the Finger Lakes region of New York State. It is known for its beautiful scenery and historic sites, making it an ideal spot for vacationers and retirees alike. The median 2 bedroom rent in Caroline is $1,360 which is slightly less than the national average of $1,430. Grocery costs are also more affordable with an index score of 102 compared to the United States' 100. There are many businesses in Caroline that cater to locals and tourists alike. For example, Carolyn's Café serves up home-style cooking for breakfast and lunch while Lucky's Diner is a family favorite for dinner. Great gifts can be found at The Olde Tyme Store or D'Luxe Boutique while outdoor adventurists will appreciate the selection at Wild Blue Outfitters. Whatever your needs may be, you're sure to find what you're looking for when visiting Caroline, NY!

Caroline has an unemployment rate of 4.7%. The US average is 6.0%.

Caroline has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.

Tax Rates for Caroline
- The Sales Tax Rate for Caroline is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Caroline 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 Caroline
- The average income of a Caroline resident is $34,717 a year. The US average is $28,555 a year.
- The Median household income of a Caroline resident is $82,004 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCaroline, New YorkUnited States
  4.76
  -5.2%-6.2%
  28.8%33.5%
  8.0%6.2%
  6.2%4.6%
  $42,664$37,638
  $82,004$69,021
  $96,654$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  1.9%6.8%
  3.7%10.0%
  0.0%2.5%
  4.4%11.0%
  3.6%4.8%
  0.0%0.8%
  0.6%1.9%
  1.6%4.7%
  3.3%1.9%
  8.4%7.6%
  1.1%0.1%
  2.1%4.2%
  42.7%9.3%
  11.6%14.0%
  2.2%2.1%
  3.1%7.0%
  3.4%4.8%
  5.5%4.7%
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