Chestertown, NY is an affordable and convenient place for living or visiting. The cost of rent for two bedroom apartments in the area is $970 per month whereas the national average for such housing options is $1,430. Additionally, the grocery cost index in Chestertown is 105 compared to 100 nationally.
The area is great for business owners, as there are several local companies operating in Chestertown that offer unique products and services. For example, Dames & Dowell Lumber Company offers all types of building materials while Rivertown Furniture specializes in hand-crafted furniture pieces.
Overall, Chestertown offers residents and visitors a combination of affordability and convenience with a great selection of local businesses. With its diverse economy and strong sense of community, it is easy to understand why this small town has become so popular over the years.
Chestertown has an unemployment rate of 7.1%. The US average is 6.0%.
Chestertown has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Chestertown
- The Sales Tax Rate for Chestertown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Chestertown 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 Chestertown
- The average income of a Chestertown resident is $17,189 a year. The US average is $28,555 a year.
- The Median household income of a Chestertown resident is $60,893 a year. The US average is $69,021 a year.