Malta, NY is a charming suburb located in the scenic Saratoga County. With a population of 17,969 residents and strong economic growth, Malta is an attractive place to live and work. The average two bedroom rent in Malta is slightly more expensive than the US average at $1,490 per month. On the bright side, grocery costs are lower with the cost index standing at 105 compared to 100 for the US as whole. There are several local companies in Malta worth mentioning such as GlobalFoundries, Price Chopper Supermarkets, Clifton Park Auto Spa and True North Financial Services. Additionally, there are plenty of outdoor activities available such as hiking trails and nature preserves within close proximity to town.
Malta has an unemployment rate of 5.1%. The US average is 6.0%.
Malta 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 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Malta
- The Sales Tax Rate for Malta is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Malta 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 Malta
- The average income of a Malta resident is $39,419 a year. The US average is $28,555 a year.
- The Median household income of a Malta resident is $92,899 a year. The US average is $69,021 a year.