Laurel Hollow, NY is an affluent suburb located in the Long Island area of New York. This small community is home to large corporations such as American Home Shield, Pernod Ricard USA, and KPMG. Two bedroom rent in Laurel Hollow is much higher than the national average at $3,300 compared to $1,430. Additionally, grocery cost index in Laurel Hollow is 112 versus 100 in the US. Despite the higher cost of living from these two factors, many people move to Laurel Hollow because of its relative seclusion from city life and its good schools.
Laurel Hollow has an unemployment rate of 5.9%. The US average is 6.0%.
Laurel Hollow 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 Laurel Hollow
- The Sales Tax Rate for Laurel Hollow is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Laurel Hollow 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 Laurel Hollow
- The average income of a Laurel Hollow resident is $100,710 a year. The US average is $28,555 a year.
- The Median household income of a Laurel Hollow resident is $250,001 a year. The US average is $69,021 a year.