Inwood, NY is a great place to live for those looking for a more affordable lifestyle. The rent on two bedroom apartments in Inwood is $1,990 which is significantly less than the average 2 bedroom rent of $1,430 in the United States. Additionally, grocery costs are much higher in Inwood with an index of 109 compared to 100 in the US. Local businesses like boutique shops and restaurants are accessible in the area as well as international stores such as Target and Starbucks. For anyone seeking an affordable living option while still having access to popular amenities, Inwood, NY seems like a great fit!
Inwood has an unemployment rate of 5.9%. The US average is 6.0%.
Inwood has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Inwood
- The Sales Tax Rate for Inwood is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Inwood 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 Inwood
- The average income of a Inwood resident is $21,173 a year. The US average is $28,555 a year.
- The Median household income of a Inwood resident is $65,298 a year. The US average is $69,021 a year.