Cincinnatus, NY is an attractive town located in the upstate region of New York State. Known for its welcoming atmosphere and open spaces, this town has a lot to offer those looking for a peaceful place to call home. It also offers great value for money; the rent for a two-bedroom apartment is nearly 40% lower than the national average of $1,430. Additionally, grocery costs are even more reasonable as Cincinnatus’ grocery cost index is 97 compared to the national average of 100. \nIn terms of industries, Cincinnatus is home to several local companies such as Derwood Farms Dairy LLC and Phinney Lane Farms LLC which specialize in providing quality dairy products. There are also smaller businesses such as Joe & Jo’s Bakery and Charlie’s Pies that provide locally-made goods. With its competitive cost of living and vibrant local business community, Cincinnatus is an ideal place to live or visit.
Cincinnatus has an unemployment rate of 6.9%. The US average is 6.0%.
Cincinnatus has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 18.1%, which is lower than the US average of 33.5%.
Tax Rates for Cincinnatus
- The Sales Tax Rate for Cincinnatus is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cincinnatus 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 Cincinnatus
- The average income of a Cincinnatus resident is $28,811 a year. The US average is $37,638 a year.
- The Median household income of a Cincinnatus resident is $57,656 a year. The US average is $69,021 a year.