Carthage, NY Economy


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Carthage, NY is a quaint town located in Northern New York. It offers a low cost of living with 2 bedroom rent averaging at $1,080 compared to the US average of $1,430. Grocery costs are also notably lower with an index of 98 versus the US index of 100. The town has various local businesses and attractions such as Smiths Machine Repair, Jones Floral Designs, and Sherman Lake Park. Smiths Machine Repair provides top-quality maintenance and repairs for machines used in factories or industrial sites. Jones Floral Designs is a well-known flower shop that creates beautiful bouquets for any occasion. Lastly, Sherman Lake Park boasts walking trails full of scenic views that make it a popular place to relax and take in the beauty of nature.

Carthage has an unemployment rate of 7.1%. The US average is 6.0%.

Carthage has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.

Tax Rates for Carthage
- The Sales Tax Rate for Carthage is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Carthage 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 Carthage
- The average income of a Carthage resident is $21,982 a year. The US average is $28,555 a year.
- The Median household income of a Carthage resident is $55,625 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarthage, New YorkUnited States
  7.16
  -4.5%-6.2%
  16.3%33.5%
  8.0%6.2%
  6.2%4.6%
  $27,378$37,638
  $55,625$69,021
  $67,917$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  1.5%6.8%
  13.7%10.0%
  3.7%2.5%
  14.6%11.0%
  8.0%4.8%
  0.0%0.8%
  0.0%1.9%
  1.6%4.7%
  3.3%1.9%
  9.4%7.6%
  0.0%0.1%
  7.2%4.2%
  7.6%9.3%
  11.8%14.0%
  3.5%2.1%
  4.6%7.0%
  0.1%4.8%
  9.4%4.7%
Reviews for Carthage
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Over 11 years ago

We're about a good 15-20 minute drive from the bigger town of Watertown where you can find alright entertainment, mall, movie theater etc. The only real what you can  More

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