Kent, NY Economy


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Kent, NY is a small town located in Putnam County, New York. It is home to many local businesses such as Allstate Insurance, Tompkins Mahopac Bank, The UPS Store and Kent Wine & Spirits. The cost of living in Kent, NY is relatively higher than that of the US due to its 2 bedroom rent which is $2,120 compared to only $1,430 for the same across America. This holds true for grocery costs too where Kent's index stands at 105 versus 100 in the US; implying groceries are 5% more expensive here.

Kent has an unemployment rate of 5.5%. The US average is 6.0%.

Kent has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.

Tax Rates for Kent
- The Sales Tax Rate for Kent is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Kent 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 Kent
- The average income of a Kent resident is $37,231 a year. The US average is $28,555 a year.
- The Median household income of a Kent resident is $108,494 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKent, New YorkUnited States
  5.56
  -5.8%-6.2%
  28.4%33.5%
  8.4%6.2%
  6.2%4.6%
  $50,711$37,638
  $108,494$69,021
  $123,643$85,028
  Population by Occupation
  0.0%1.2%
  0.1%0.5%
  7.1%6.8%
  6.0%10.0%
  2.1%2.5%
  9.1%11.0%
  2.7%4.8%
  2.1%0.8%
  4.2%1.9%
  3.4%4.7%
  2.8%1.9%
  6.5%7.6%
  0.1%0.1%
  5.4%4.2%
  13.5%9.3%
  13.5%14.0%
  1.8%2.1%
  5.3%7.0%
  6.3%4.8%
  8.0%4.7%
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