East Rockaway, NY is an attractive coastal community with a vibrant business scene. The cost of living is higher than the US average due to housing costs and grocery index. A two bedroom apartment will cost around $2,430 whereas in the US the same type of rent costs $1,430. The local economy is supported by businesses such as East Rockaway Lumber Company, Crucial Care Medical Services and Pardes Jewellers. Local organizations often support events such as a local music festival, farmers' markets and a sailing regatta that are popular amongst both locals and tourists. There are also many attractions in East Rockaway including historic sites like the East Rockaway Yacht Club, museums and parks such as Shorefront Park that provide residents with plenty of recreational activities.
East Rockaway has an unemployment rate of 5.9%. The US average is 6.0%.
East Rockaway has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for East Rockaway
- The Sales Tax Rate for East Rockaway is 8.6%. The US average is 7.3%.
- The Income Tax Rate for East Rockaway 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 East Rockaway
- The average income of a East Rockaway resident is $45,021 a year. The US average is $28,555 a year.
- The Median household income of a East Rockaway resident is $108,052 a year. The US average is $69,021 a year.