Freetown, NY Economy


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Freetown, NY is a small town located in the state of New York. It is known for its beautiful landscapes as well as great amenities. Meant to be a peaceful place to live, rent prices for 2 bedrooms in Freetown are lower than the US average at $1,000 compared to $1,430. Additionally, grocery costs are slightly cheaper in Freetown with an index of 98 compared to 100 in the US.
Freetown has many local businesses throughout the city such as Freetown Brewing Co., Seager's Grocery Store and Market Street Cafe. Activities for visitors and residents alike include kayaking on Lake Gretta, camping at Deer Haven Park and biking around the lake-side trails. Additionally, a few popular tourist attractions found nearby include Niagara Falls State Park and Seneca Falls Historical Site.

Freetown has an unemployment rate of 6.9%. The US average is 6.0%.

Freetown has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 18.1%, which is lower than the US average of 33.5%.

Tax Rates for Freetown
- The Sales Tax Rate for Freetown is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Freetown 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 Freetown
- The average income of a Freetown resident is $21,746 a year. The US average is $28,555 a year.
- The Median household income of a Freetown resident is $64,191 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFreetown, New YorkUnited States
  6.96
  -5.0%-6.2%
  18.1%33.5%
  8.0%6.2%
  6.2%4.6%
  $29,082$37,638
  $64,191$69,021
  $64,100$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  17.4%6.8%
  19.4%10.0%
  2.3%2.5%
  8.0%11.0%
  2.0%4.8%
  0.0%0.8%
  0.0%1.9%
  2.6%4.7%
  0.0%1.9%
  6.0%7.6%
  0.0%0.1%
  3.1%4.2%
  7.1%9.3%
  18.5%14.0%
  0.3%2.1%
  2.0%7.0%
  1.7%4.8%
  6.3%4.7%
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