Houghton, NY is an up-and-coming small town with a diverse range of people and businesses. It has a lot to offer locals and visitors alike including some excellent local companies like Houghton Containers, Arlo's Auto Shop, and Miller Tires. The economy in Houghton is also quite strong with an average 2 bedroom rent that is around $810 compared to the US average of $1,430. Additionally, the grocery cost index in Houghton is 98 compared to the US average of 100, so you can expect to get more bang for your buck when shopping here.
Houghton has an unemployment rate of 6.2%. The US average is 6.0%.
Houghton has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 10.9%, which is lower than the US average of 33.5%.
Tax Rates for Houghton
- The Sales Tax Rate for Houghton is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Houghton 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 Houghton
- The average income of a Houghton resident is $12,143 a year. The US average is $28,555 a year.
- The Median household income of a Houghton resident is $80,625 a year. The US average is $69,021 a year.