Crown Heights, NY is a vibrant neighborhood located in Brooklyn. It is known for its diverse population and cultural attractions. The cost of living in Crown Heights is slightly more expensive than other areas in the US, with 2 bedroom rent averaging $1,520 compared to the US average of $1,430. Despite this higher rental price, everyday items such as groceries are relatively affordable due to the Grocery Cost index being 103 versus 100 in the US. Local businesses such as Bed-Stuy Fresh and Local, Covenhoven Craft Beer Bar, and Brooklyn Kura Sake brewery give this area its unique character and charm.
Crown Heights has an unemployment rate of 5.8%. The US average is 6.0%.
Crown Heights has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Crown Heights
- The Sales Tax Rate for Crown Heights is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Crown Heights 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 Crown Heights
- The average income of a Crown Heights resident is $38,973 a year. The US average is $37,638 a year.
- The Median household income of a Crown Heights resident is $99,583 a year. The US average is $69,021 a year.