Lyme, NY Economy


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Lyme, NY is a small town located in Upstate New York. It is known for its beautiful scenery and friendly community. Rent for a two bedroom apartment in Lyme is reasonably priced at $1,220 compared to the US average of $1,430. Grocery costs are also relatively low with an index score of 99 versus the US average of 100. There are several local businesses to explore in Lyme such as L.A. Tire & Auto Service, Taylor's Fish Market, and Maple Hill Farm Supply Company. These businesses have been around for many years and offer quality products and services to the local community.

Lyme has an unemployment rate of 7.1%. The US average is 6.0%.

Lyme has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.

Tax Rates for Lyme
- The Sales Tax Rate for Lyme is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lyme 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 Lyme
- The average income of a Lyme resident is $26,880 a year. The US average is $28,555 a year.
- The Median household income of a Lyme resident is $68,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLyme, New YorkUnited States
  7.16
  -4.5%-6.2%
  16.3%33.5%
  8.0%6.2%
  6.2%4.6%
  $33,047$37,638
  $68,500$69,021
  $80,795$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  6.3%6.8%
  5.2%10.0%
  2.3%2.5%
  12.8%11.0%
  1.7%4.8%
  0.0%0.8%
  0.9%1.9%
  3.8%4.7%
  3.3%1.9%
  7.0%7.6%
  0.0%0.1%
  1.7%4.2%
  11.1%9.3%
  13.0%14.0%
  0.4%2.1%
  10.0%7.0%
  5.5%4.8%
  14.0%4.7%
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