Farnham, NY is a small town located in upstate New York. It has a population of approximately 2,000 people, with many local businesses like Farnham Furniture and Bistro Bites providing services to the community. The monthly rent for 2 bedroom apartments is $1,020 which is cheaper than the US average of $1,430. Additionally, the Grocery Cost Index in Farnham, NY is 98 versus 100 in the US meaning that goods are more affordable in this town than elsewhere.
Farnham has an unemployment rate of 7.2%. The US average is 6.0%.
Farnham has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Farnham
- The Sales Tax Rate for Farnham is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Farnham 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 Farnham
- The average income of a Farnham resident is $24,415 a year. The US average is $28,555 a year.
- The Median household income of a Farnham resident is $44,643 a year. The US average is $69,021 a year.