Felts Mills, NY is a small town in upstate New York with a thriving economy. The cost of living is generally low compared to the US, with 2-bedroom rents at $1,160 per month versus $1,430 in the US. The Grocery Cost Index also reflects this with 96 in Felts Mills compared to 100 in the US. There are a variety of local businesses that make up the local economy including Felts Mills Veterinary Hospital, Ted's Country Store and Floral Boutique Inc., and Woodland Creek Hardware. Renting a 2-bedroom apartment is an affordable option for potential residents considering that it is still lower than the national average.
Felts Mills has an unemployment rate of 7.1%. The US average is 6.0%.
Felts Mills 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 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Felts Mills
- The Sales Tax Rate for Felts Mills is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Felts Mills 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 Felts Mills
- The average income of a Felts Mills resident is $21,582 a year. The US average is $37,638 a year.
- The Median household income of a Felts Mills resident is $40,793 a year. The US average is $69,021 a year.