Floyd, NY Economy


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Floyd, NY is a small town in New York with an estimated population of 1,000. It has a relatively low cost of living compared to the US as a whole; a 2 bedroom apartment rents for around $950 while the US average is $1,430 and the grocery cost index is 98 versus 100 in the US. Floyd boasts several local businesses such as R&R Coffee Shop, Floyd Drug Store and The Diner. There are also two local malls for shopping and entertainment needs - Oak Plaza Mall and Westridge Shopping Center. Living in Floyd is great for those looking for a quiet rural lifestyle at an affordable price.

Floyd has an unemployment rate of 6.7%. The US average is 6.0%.

Floyd has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.

Tax Rates for Floyd
- The Sales Tax Rate for Floyd is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Floyd 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 Floyd
- The average income of a Floyd resident is $35,851 a year. The US average is $37,638 a year.
- The Median household income of a Floyd resident is $78,848 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFloyd, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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