Freeport, NY is a vibrant town located in Nassau County on Long Island. The town has an abundance of local businesses such as Nautilus Marina, King Kullen Grocery Store, and Freeport Bakery that provide residents with goods and services. Despite having a lower population than many other major cities across the US, the cost of living in Freeport is higher due to a number of factors such as higher rental costs and grocery costs. The 2 bedroom rent in Freeport is $2,040 versus the US average of $1,430. Similarly, the Grocery Cost Index in Freeport is 106 versus 100 nationally. These increased expenses are largely driven by real estate prices being relatively high compared to many other areas in the US.
Freeport has an unemployment rate of 8.6%. The US average is 6.0%.
Freeport 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 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Freeport
- The Sales Tax Rate for Freeport is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Freeport 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 Freeport
- The average income of a Freeport resident is $28,120 a year. The US average is $28,555 a year.
- The Median household income of a Freeport resident is $100,507 a year. The US average is $69,021 a year.