Chestnut Ridge, NY is an affluent suburban town in Westchester County. It is home to several well-known companies such as IKEA, Nestle, and PepsiCo. The 2 bedroom rent in Chestnut Ridge is higher than the national average of $1,430, at $2,280. Additionally, the Grocery Cost Index in Chestnut Ridge is 108 compared to 100 nationally. This means that food costs are slightly higher than the US average. Despite this, Chestnut Ridge remains a desirable place to live because of its excellent school district and variety of businesses located within it.
Chestnut Ridge has an unemployment rate of 5.6%. The US average is 6.0%.
Chestnut Ridge 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 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Chestnut Ridge
- The Sales Tax Rate for Chestnut Ridge is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Chestnut Ridge 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 Chestnut Ridge
- The average income of a Chestnut Ridge resident is $40,322 a year. The US average is $37,638 a year.
- The Median household income of a Chestnut Ridge resident is $98,203 a year. The US average is $69,021 a year.