Hopewell Junction, NY is a great place for anyone looking to rent an apartment or buy a home. The average two-bedroom rent in the area is $2,110 which is higher than the national average of $1,430. In addition to that, the grocery cost index in Hopewell Junction is higher than the US average with it being 108 versus 100. There are many great companies in the area, including Unisys Corporation, IBM Corporation and Dutchess County Bancorp Incorporated. Residents of Hopewell Junction can also enjoy numerous activities like hiking in nearby Fahnestock State Park or shopping at local stores.
Hopewell Junction has an unemployment rate of 5.8%. The US average is 6.0%.
Hopewell Junction has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Hopewell Junction
- The Sales Tax Rate for Hopewell Junction is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Hopewell Junction 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 Hopewell Junction
- The average income of a Hopewell Junction resident is $35,390 a year. The US average is $37,638 a year.
- The Median household income of a Hopewell Junction resident is $109,773 a year. The US average is $69,021 a year.