Milton, NY Economy


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Milton, NY is a great place to live. It has a variety of local businesses and amenities that make it attractive to potential residents. Rent for two-bedroom apartments is slightly higher than the national average at $1,560, but grocery costs are lower with an index rating of 105 compared to 100 in the US. Popular local businesses include Alpha One Automotive, Milton Grange Market, and Country Veterinary Services. Residents can enjoy recreational activities such as bowling at Overhead Lanes or visit the John Boyd Thacher State Park for outdoor fun. With all these options for work and play, Milton is an ideal home for many people looking for a comfortable and safe place to live.

Milton has an unemployment rate of 5.1%. The US average is 6.0%.

Milton 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 Milton
- The Sales Tax Rate for Milton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Milton 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 Milton
- The average income of a Milton resident is $30,801 a year. The US average is $28,555 a year.
- The Median household income of a Milton resident is $91,802 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMilton, New YorkUnited States
  5.16
  -3.6%-6.2%
  27.6%33.5%
  4.0%6.2%
  6.2%4.6%
  $43,225$37,638
  $91,802$69,021
  $111,667$85,028
  Population by Occupation
  0.9%1.2%
  0.5%0.5%
  3.4%6.8%
  10.5%10.0%
  2.5%2.5%
  11.1%11.0%
  5.9%4.8%
  1.0%0.8%
  2.5%1.9%
  6.3%4.7%
  1.3%1.9%
  6.1%7.6%
  0.2%0.1%
  2.8%4.2%
  12.6%9.3%
  11.3%14.0%
  1.6%2.1%
  7.6%7.0%
  4.5%4.8%
  7.4%4.7%
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