Cold Spring, NY is a small town located in the Hudson Valley, and it offers a peaceful environment with its natural beauty and surroundings. It's known for its vibrant local businesses and dining experiences as well as its outdoor activities. For those who are looking to rent an apartment, Cold Spring has 2 bedroom units that go for $2,390 a month on average which is slightly higher than the US average of $1,430 per month. The cost of groceries in Cold Spring is higher than the national average with an index of 108 versus 100 in the US. The town also benefits from major companies such as PepsiCo and IBM that are located nearby offering employment opportunities. Living in Cold Spring offers many advantages such as access to numerous outdoor activities including hiking trails, fishing spots, kayaking routes and more; not to mention the beautiful views that makes it ideal for those who enjoy nature.
Cold Spring has an unemployment rate of 5.5%. The US average is 6.0%.
Cold Spring has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Cold Spring
- The Sales Tax Rate for Cold Spring is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Cold Spring 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 Cold Spring
- The average income of a Cold Spring resident is $46,777 a year. The US average is $28,555 a year.
- The Median household income of a Cold Spring resident is $117,292 a year. The US average is $69,021 a year.