Genoa, NY is a small town located in the state of New York. It has a population of just over 1,000 people according to the most recent census data. The cost of living in Genoa is quite reasonable, with two bedroom rent at $1,250 compared to $1,430 across the US. Groceries also cost less here than they do nationally - an index score of 99 versus 100.
The local economy consists mainly of small businesses such as restaurants, grocery stores, and pharmacies. Some of the well-known companies based in Genoa include Genoa National Bank and Dandy Deli & Grocery Store.
Living in Genoa provides its residents with a peaceful atmosphere and plenty of opportunities for outdoor recreation. It also has a lower crime rate than many other cities in the US which can be beneficial for families. On the downside though, some may find that there are limited job opportunities due to its size and there is not much entertainment or nightlife available.
Genoa has an unemployment rate of 6.6%. The US average is 6.0%.
Genoa has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Genoa
- The Sales Tax Rate for Genoa is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Genoa 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 Genoa
- The average income of a Genoa resident is $28,371 a year. The US average is $28,555 a year.
- The Median household income of a Genoa resident is $74,214 a year. The US average is $69,021 a year.