Lake Carmel, NY is a popular destination for many people due to its proximity to New York City and its unique offerings. The average 2 bedroom rent in Lake Carmel is $2,120, which is higher than the US average of $1,430 per month. Additionally the Grocery Cost Index in Lake Carmel is 105 vs 100 in the United States, indicating that food prices in this area are slightly elevated compared to the rest of the country.
Local businesses provide necessary services and amenities to residents and visitors alike. Notable companies include Dobler's Deli who serve up delicious sandwiches and salads for those looking for a quick bite to eat. The bakery Le Boulangerie offers delectable French pastries as well as fresh breads daily.
The cost of living in Lake Carmel can be high due to its proximity to New York City but there are ways to save on expenses through smart shopping habits and planning ahead when possible. There are also plenty of local resources available to help residents find discounts or deals so they can enjoy all that Lake Carmel has to offer without breaking the bank.
Lake Carmel has an unemployment rate of 5.5%. The US average is 6.0%.
Lake Carmel has seen the job market decrease by -5.8% 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 Lake Carmel
- The Sales Tax Rate for Lake Carmel is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Lake Carmel 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 Lake Carmel
- The average income of a Lake Carmel resident is $42,591 a year. The US average is $37,638 a year.
- The Median household income of a Lake Carmel resident is $90,183 a year. The US average is $69,021 a year.