Limestone, NY Economy


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Limestone, NY is a small town located in the Finger Lakes region of upstate New York. It is a popular place for people looking to move away from the hustle and bustle of bigger cities. The cost of living here is relatively low compared to other parts of the state, with two-bedroom rent at only $760 and grocery costs index at 95. Local businesses in Limestone include Butternut Valley Farms, Rabbit Run Farm and Restaurant, Mud Creek Mercantile, and Limestone Pharmacy. These businesses offer local produce, products, and services that make Limestone a great place to live for locals and visitors alike.

Limestone has an unemployment rate of 7.2%. The US average is 6.0%.

Limestone has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 15.6%, which is lower than the US average of 33.5%.

Tax Rates for Limestone
- The Sales Tax Rate for Limestone is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Limestone 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 Limestone
- The average income of a Limestone resident is $19,212 a year. The US average is $28,555 a year.
- The Median household income of a Limestone resident is $39,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLimestone, New YorkUnited States
  7.26
  -6.1%-6.2%
  15.6%33.5%
  8.0%6.2%
  6.2%4.6%
  $26,123$37,638
  $39,500$69,021
  $87,679$85,028
  Population by Occupation
  0.0%1.2%
  6.8%0.5%
  2.4%6.8%
  24.2%10.0%
  4.8%2.5%
  6.8%11.0%
  1.4%4.8%
  0.0%0.8%
  0.0%1.9%
  1.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  6.8%9.3%
  22.7%14.0%
  14.0%2.1%
  6.3%7.0%
  2.9%4.8%
  0.0%4.7%
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