New Hyde Park, NY is an affluent suburb in the greater New York City metropolitan area. The median rent for a two-bedroom apartment in the area is $2,540 which is significantly higher than the US average of $1,430. Additionally, the Grocery Cost Index in New Hyde Park is 111 versus 100 in the US, indicating that grocery prices are slightly higher than average. Local businesses in New Hyde Park include Hillside Deli and Restaurant which offers tasty sandwiches and salads at reasonable prices and Lakeville Hardware & Supply which provides all kinds of home improvement products and tools. The area also has its own movie theater called Clearview Cinemas as well as multiple local stores like Baisley’s for clothing and accessories as well as Toy City for children's toys.
New Hyde Park has an unemployment rate of 5.9%. The US average is 6.0%.
New Hyde Park has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for New Hyde Park
- The Sales Tax Rate for New Hyde Park is 8.6%. The US average is 7.3%.
- The Income Tax Rate for New Hyde 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 New Hyde Park
- The average income of a New Hyde Park resident is $35,118 a year. The US average is $28,555 a year.
- The Median household income of a New Hyde Park resident is $141,056 a year. The US average is $69,021 a year.