Margaretville, NY is a small town nestled along the banks of the Delaware River in upstate New York. The town has a population of around 1,000 residents and is known for its beautiful natural scenery and charming downtown area. Despite its smaller size, Margaretville offers plenty of amenities for residents including two bedroom rents at a relatively low rate compared to the US average (at $1210 per month). Additionally, grocery costs are about 2% higher than the national average index (102 versus 100).
The local companies in Margaretville include the Margaretville Hotel & Tavern which offers accommodation as well as dining experiences like their famous Sunday brunch. There is also Sole Sisters Shoes which has been providing quality footwear since 1992. Another popular business in Margaretville is Maplecrest Farm which is a family-run farm providing fresh produce and eggs to customers. Finally, for those looking for outdoor recreation or activities there’s Royal Mountain Ski Area, with numerous trails suitable for skiing and snowboarding all winter long.
Margaretville has an unemployment rate of 6.5%. The US average is 6.0%.
Margaretville has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Margaretville
- The Sales Tax Rate for Margaretville is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Margaretville 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 Margaretville
- The average income of a Margaretville resident is $24,116 a year. The US average is $28,555 a year.
- The Median household income of a Margaretville resident is $34,922 a year. The US average is $69,021 a year.