New Rochelle, NY is a great city to live in and offers many opportunities for work, education, entertainment, and more. The cost of living in New Rochelle is slightly higher than the US average due to its 2 bedroom rent rate of $2,180 compared with the US average of $1,430. Food costs are also higher than the US with a grocery cost index of 109 versus 100 in the US. Some well known companies in New Rochelle include IBM, Montefiore Medical Center, St. John's Riverside Hospital, American International Group (AIG), and Bausch + Lomb. New Rochelle is a great place to live for those who want access to diverse career opportunities as well as a variety of cultural activities and recreational options.
New Rochelle has an unemployment rate of 7.3%. The US average is 6.0%.
New Rochelle has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for New Rochelle
- The Sales Tax Rate for New Rochelle is 8.4%. The US average is 7.3%.
- The Income Tax Rate for New Rochelle 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 Rochelle
- The average income of a New Rochelle resident is $40,791 a year. The US average is $28,555 a year.
- The Median household income of a New Rochelle resident is $87,159 a year. The US average is $69,021 a year.