Downsville, NY is a small town located in the Catskill Mountains. The rent for a two bedroom apartment is much more affordable than the US average and this makes the town an attractive option for those looking for a place to call home. Not only is housing costs low, but groceries are also cheaper than the U.S. average with a grocery cost index of 98 compared to 100 nationally. There are several local businesses in Downsville such as Smith’s Bakery, Catkin Valley Grocery Store and Cramer Auto Parts that serve the local community. With its affordable housing prices and cozy atmosphere, Downsville, NY is an ideal place to live for those looking to save money while still have access to amenities like shopping and dining.
Downsville has an unemployment rate of 6.5%. The US average is 6.0%.
Downsville has seen the job market decrease by -4.5% 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 Downsville
- The Sales Tax Rate for Downsville is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Downsville 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 Downsville
- The average income of a Downsville resident is $23,467 a year. The US average is $37,638 a year.
- The Median household income of a Downsville resident is $0 a year. The US average is $69,021 a year.