Malone, NY is a great place to live with low costs of living. The average rent for a two bedroom apartment in Malone is only $800, making it much more affordable than the US average which stands at $1,430. The grocery cost index in Malone is also lower than the US average; standing at 102 compared to 100. This makes goods and services more reasonably priced. Companies in Malone include Riverview Financial Corporation and Kinney Drugs, both of which provide excellent services for residents and visitors alike. Riverview Financial Corporation is a bank dedicated to providing financial advice and products tailored to meet customers needs, while Kinney Drugs offers pharmaceuticals, health care items, convenience foods and more. Both are integral parts of life in Malone.
Malone has an unemployment rate of 6.5%. The US average is 6.0%.
Malone has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Malone
- The Sales Tax Rate for Malone is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Malone 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 Malone
- The average income of a Malone resident is $18,377 a year. The US average is $28,555 a year.
- The Median household income of a Malone resident is $55,426 a year. The US average is $69,021 a year.