Cooperstown, NY is a small village in Otsego County with a population of 1,852 (U.S. Census Bureau, 2019). It is known for its tourism industry as it is home to the National Baseball Hall of Fame and Museum. Local companies in Cooperstown include the Farmers' Museum, Brewery Ommegang, Glimmerglass Opera, and Bassett Healthcare Network (TripSavvy, 2020). Apart from its tourism industry, Cooperstown also offers affordable housing options for residents as 2 bedroom rent averages $880 (Rent Jungle, 2020) which is significantly lower than the US 2 bedroom rent average of $1,430 (Doorsteps Apartment Rent Report - September 2020). In addition to affordable housing costs, groceries are also relatively inexpensive due to the Grocery Cost Index being 105 versus 100 in the US (Numbeo Cost of Living Report 2020). This makes Cooperstown an ideal place for potential homeowners looking to relocate.
Cooperstown has an unemployment rate of 6.3%. The US average is 6.0%.
Cooperstown has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Cooperstown
- The Sales Tax Rate for Cooperstown is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cooperstown 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 Cooperstown
- The average income of a Cooperstown resident is $42,004 a year. The US average is $28,555 a year.
- The Median household income of a Cooperstown resident is $67,917 a year. The US average is $69,021 a year.