New Suffolk, NY is a small town located on the East End of Long Island. It has a population of just over 1,000 people and is known for its quaint charm and close-knit community. In terms of housing, the 2 bedroom rent in New Suffolk is fairly expensive compared to the US average at $2,080 per month versus $1,430 per month. The Grocery Cost Index in New Suffolk is higher than the US average at 111 versus 100 respectively. Despite being a small town, there are plenty of local businesses in New Suffolk to support its residents. Some popular companies include Rooftop East Coffee Bar & Eatery, which offers delicious coffee and pastries; the Southold Fish Market which sells fresh seafood daily; and S&H Marina Inc., which provides boat slips and related services to visitors and locals alike.
New Suffolk has an unemployment rate of 6.1%. The US average is 6.0%.
New Suffolk 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for New Suffolk
- The Sales Tax Rate for New Suffolk is 8.6%. The US average is 7.3%.
- The Income Tax Rate for New Suffolk 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 Suffolk
- The average income of a New Suffolk resident is $50,586 a year. The US average is $28,555 a year.
- The Median household income of a New Suffolk resident is $93,611 a year. The US average is $69,021 a year.