Merritt Park, NY is an attractive area for those looking to rent or purchase a home due to its relatively low rental costs. On average, 2 bedroom rents in Merritt Park are $2,150 compared to the US average of $1,430. The cost of living here is also slightly higher than the national average as evidenced by the Grocery Cost Index which is 106 versus 100 in the US. Despite this difference Merritt Park is still a great area because there are plenty of local companies providing quality services for residents. For example, you can find excellent schools such as Merritt Elementary and Middle Schools, numerous restaurants including Burger Shack and Barbeque Kitchen, and a variety of shops like Thrift Haven and Upscale Boutique. All in all, Merritt Park is an excellent place to live with slightly higher prices but plenty of resources available for its inhabitants.
Merritt Park has an unemployment rate of 5.8%. The US average is 6.0%.
Merritt Park has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Merritt Park
- The Sales Tax Rate for Merritt Park is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Merritt Park 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 Merritt Park
- The average income of a Merritt Park resident is $53,406 a year. The US average is $28,555 a year.
- The Median household income of a Merritt Park resident is $99,792 a year. The US average is $69,021 a year.