Cornwall, NY Economy


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Cornwall, New York is a cozy suburb located in Orange County. Home to a variety of local businesses, the town features plenty of amenities for its residents. Companies such as Cornwall Animal Hospital, Fat Belly's Bar & Grill, and Budget Blinds of Cornwall provide services that make life more convenient for residents. Other popular attractions include the Storm King Art Center, Cornwall Plaza Shopping Center, and Salisbury Mills–Cornwall Train Station. With a grocery cost index higher than the US average and reasonable rent prices, Cornwall is an ideal place to live with all the necessary services within close proximity.

Cornwall has an unemployment rate of 6.1%. The US average is 6.0%.

Cornwall has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.

Tax Rates for Cornwall
- The Sales Tax Rate for Cornwall is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Cornwall 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 Cornwall
- The average income of a Cornwall resident is $40,176 a year. The US average is $28,555 a year.
- The Median household income of a Cornwall resident is $104,167 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCornwall, New YorkUnited States
  6.16
  -6.6%-6.2%
  28.6%33.5%
  8.1%6.2%
  6.2%4.6%
  $51,196$37,638
  $104,167$69,021
  $124,375$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  8.4%6.8%
  7.0%10.0%
  2.7%2.5%
  10.7%11.0%
  2.5%4.8%
  1.1%0.8%
  2.8%1.9%
  3.6%4.7%
  2.6%1.9%
  7.1%7.6%
  0.0%0.1%
  1.1%4.2%
  13.6%9.3%
  16.4%14.0%
  3.8%2.1%
  4.1%7.0%
  4.3%4.8%
  8.2%4.7%
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