Italy, NY is a small rural town located in western New York. It is part of the Finger Lakes Region and has an estimated population of 1,500. This small community offers a variety of amenities to its residents including plenty of outdoor activities and local businesses. Popular destinations include the local wineries, breweries, and hiking trails. The Finger Lakes National Forest lies just outside of town providing plenty of recreational opportunities for visitors and locals alike. Residents enjoy access to quality education at Italy's public schools as well as local eateries such as Chenango Valley Cafe & Bakery and the Lakeview Restaurant & Bar. With a low cost of living including $990 for 2 bedroom rent and grocery cost index at 100 versus 100 in the US, Italy is an affordable yet beautiful place to live or visit.
Italy has an unemployment rate of 5.5%. The US average is 6.0%.
Italy has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Italy
- The Sales Tax Rate for Italy is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Italy 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 Italy
- The average income of a Italy resident is $25,454 a year. The US average is $28,555 a year.
- The Median household income of a Italy resident is $55,250 a year. The US average is $69,021 a year.