Chemung, NY is a small town located in the state of New York. It has a population of just over 4,000 people and offers affordable living options. The average 2 bedroom rent in Chemung is $990 per month, which is much lower than the national average of $1,430 per month. Additionally, the Grocery Cost Index for Chemung is 97 percent compared to the index of 100 for the United States.
The town of Chemung offers a variety of local businesses for residents and visitors alike. Popular companies include Hegedorn’s Supermarket, Wilcox & Co., K & F Builders Supply, as well as other businesses like banks, restaurants and retail stores. Residents here can enjoy outdoor activities with its nearby parks at Catharine Valley Trail and Owego Creek or visit historical sites like Tioga County Courthouse or Cowanesque Valley Presbyterian Church.
Chemung has an unemployment rate of 6.9%. The US average is 6.0%.
Chemung has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 11.6%, which is lower than the US average of 33.5%.
Tax Rates for Chemung
- The Sales Tax Rate for Chemung is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Chemung 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 Chemung
- The average income of a Chemung resident is $23,581 a year. The US average is $28,555 a year.
- The Median household income of a Chemung resident is $56,364 a year. The US average is $69,021 a year.