Duane Lake, NY is an affluent suburb located in northern New York. It is known for its excellent quality of life and reasonable cost of living. The average rent for a two bedroom apartment here is lower than the US average with $1,280 compared to $1,430 nationally. Grocery costs here are also slightly above the national index at 105 versus 100 in the US. The town has a number of unique local businesses that residents enjoy frequenting, including Duane Lake Fabrics, which sells beautiful handmade textiles and furnishings; and La Chez Restaurant & Bakery, owned by a French family that serves authentic dishes in an authentic atmosphere. Other popular stores include the Country Store Grocery and Hardware and Mill Town Clothing Company.
Duane Lake has an unemployment rate of 6.6%. The US average is 6.0%.
Duane Lake has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Duane Lake
- The Sales Tax Rate for Duane Lake is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Duane Lake 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 Duane Lake
- The average income of a Duane Lake resident is $58,821 a year. The US average is $37,638 a year.
- The Median household income of a Duane Lake resident is $148,229 a year. The US average is $69,021 a year.