Fonda, NY is a small town located in Montgomery County. The city is home to several local businesses, such as Fonda Hardware Store, Fonda Family Pharmacy, and Ray's Restaurant. The cost of living in Fonda is significantly lower than the United States average. For example, the rent for a two-bedroom apartment in Fonda is only $890 per month whereas the US average for a two-bedroom apartment is $1,430. Additionally, the grocery cost index in Fonda is 99 whereas the US average is 100. This makes Fonda an attractive place to live as it provides quality services at lower costs than other places in the country.
Fonda has an unemployment rate of 7.8%. The US average is 6.0%.
Fonda 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 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Fonda
- The Sales Tax Rate for Fonda is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Fonda 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 Fonda
- The average income of a Fonda resident is $19,767 a year. The US average is $28,555 a year.
- The Median household income of a Fonda resident is $42,262 a year. The US average is $69,021 a year.