Inlet, NY is a small town located in the Adirondacks that offers many advantages. The cost of living is quite low with 2 bedroom rent at $890 compared to the US average of $1,430 and with a Grocery Cost Index of 107 compared to 100 in the US. Not only is it affordable, you can also take advantage of the natural beauty that surrounds Inlet Town. The local companies in Inlet include Saranac Lake & Tupper Lake Railroad Company, Hansim Inc., and Inlet Sport Shop. Residents have access to many enjoyable amenities such as Old Forge Pond Beach Park, Inlet Historical Museum and Gallery,’ fishing on Fourth lake, and snowshoeing on Higley Flow State Park.
Inlet has an unemployment rate of 6.9%. The US average is 6.0%.
Inlet 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 Inlet
- The Sales Tax Rate for Inlet is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Inlet 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 Inlet
- The average income of a Inlet resident is $36,874 a year. The US average is $37,638 a year.
- The Median household income of a Inlet resident is $92,857 a year. The US average is $69,021 a year.