Hope, NY is a small city located in Dutchess County that offers a more affordable and relaxed lifestyle compared to larger cities. It is surrounded by beautiful open spaces and parks as well as an abundance of outdoor activities nearby. The cost of living in Hope, NY is quite low compared to the US average, with two bedroom rents averaging $1,130 compared to $1,430 in the US. Additionally, grocery costs are lower here with an index of 102 versus 100 in the US overall. Local businesses such as Hope Animal Hospital, Lawrence Garage Doors & Openers Inc., and A Cut Above Tree Service provide services for both residents and visitors alike. All in all, Hope is a great place to call home due to its affordability and picturesque scenery.
Hope has an unemployment rate of 6.9%. The US average is 6.0%.
Hope has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 5.8%, which is lower than the US average of 33.5%.
Tax Rates for Hope
- The Sales Tax Rate for Hope is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Hope 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 Hope
- The average income of a Hope resident is $22,263 a year. The US average is $37,638 a year.
- The Median household income of a Hope resident is $50,694 a year. The US average is $69,021 a year.