Colchester, NY is a small city located in the eastern part of New York State. It has a population of about 3,000 people and offers great amenities for its residents such as affordable housing options. The median two bedroom rent for Colchester is $870 compared to the US average of $1,430. This makes it an attractive place for people who want to move to the area but are on a budget. Grocery costs are also relatively low in Colchester with an index score of 99 versus 100 in the US.
The city hosts many local businesses such as Grand Union grocery store, Family Dollar store, and an auto body shop known as D&D Auto Repairs. There are also several restaurants like Farmer’s Grill and Lark Street Café that serve delicious food from all over the world. Other places to explore include Wildwood Park which is a popular spot for hiking and biking or just enjoying nature with friends and family. Lastly, Colchester is home to several schools including Colchester Elementary School and High School which provide quality education for its students.
Colchester has an unemployment rate of 6.5%. The US average is 6.0%.
Colchester has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Colchester
- The Sales Tax Rate for Colchester is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Colchester 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 Colchester
- The average income of a Colchester resident is $21,193 a year. The US average is $28,555 a year.
- The Median household income of a Colchester resident is $60,833 a year. The US average is $69,021 a year.