Chaumont, NY is a small town located on Chaumont Bay in the northern part of New York State. The cost of living is much lower than that of the US as a whole, with a two bedroom rent costing $1,240 compared to the national average of $1,430. The grocery cost index in Chaumont is also lower than the US average at 99 versus 100. There are several local businesses that make up the community, including J&E Produce, an organic farm and produce stand; Bob’s Pub and Grille; and 3 Brothers Tackle Shop, offering a wide selection of fishing supplies for local anglers.
Chaumont has an unemployment rate of 7.1%. The US average is 6.0%.
Chaumont has seen the job market decrease by -4.5% 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 Chaumont
- The Sales Tax Rate for Chaumont is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Chaumont 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 Chaumont
- The average income of a Chaumont resident is $35,438 a year. The US average is $37,638 a year.
- The Median household income of a Chaumont resident is $70,625 a year. The US average is $69,021 a year.