Ithaca, NY is a vibrant college town located in the Finger Lakes region of New York. Home to Cornell University and Ithaca College, this city offers plenty of activities for students and visitors alike. Ithaca has an array of local businesses that contribute to its unique culture. From mom-and-pop shops like The GreenStar Cooperative Market to larger franchises like Wegmans, there's something for everyone. In terms of rent, 2 Bedroom apartments in Ithaca are about $260 more expensive than the national average at $1,690 per month. Also, grocery costs in Ithaca are 5% higher than the US average Food Cost Index of 100; Ithaca's index is 105. When it comes to entertainment, Ithaca offers a variety of options such as The Hangar Theatre Company and Cinemapolis movie theater. For those looking to experience nature’s beauty up close, Ithaca Falls and Buttermilk Falls offer stunning views from their trails.
Ithaca has an unemployment rate of 4.5%. The US average is 6.0%.
Ithaca has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Ithaca
- The Sales Tax Rate for Ithaca is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Ithaca 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 Ithaca
- The average income of a Ithaca resident is $16,718 a year. The US average is $28,555 a year.
- The Median household income of a Ithaca resident is $40,973 a year. The US average is $69,021 a year.