Northumberland, NY Economy


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Northumberland, NY is a small village located in natural splendor near the Adirondack Mountains. It has a population of around 3,000 people and its rent for a two-bedroom apartment is slightly lower than the average rent in the US at $1,410. Northumberland also has a low cost of living compared to the US as reflected in its Grocery Cost Index which is 5 points higher than the US’s 100. Locals can find most of their daily necessities at shops such as Drummins General Store and Mike's Market while larger businesses include Adirondack Savings Bank and North Country Insurance Agency.

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

Northumberland 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 Northumberland
- The Sales Tax Rate for Northumberland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Northumberland 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 Northumberland
- The average income of a Northumberland resident is $32,007 a year. The US average is $28,555 a year.
- The Median household income of a Northumberland resident is $96,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorthumberland, New YorkUnited States
  5.16
  -3.6%-6.2%
  27.6%33.5%
  4.0%6.2%
  6.2%4.6%
  $37,796$37,638
  $96,250$69,021
  $110,875$85,028
  Population by Occupation
  4.1%1.2%
  0.3%0.5%
  9.3%6.8%
  10.5%10.0%
  1.1%2.5%
  9.8%11.0%
  3.3%4.8%
  0.2%0.8%
  1.6%1.9%
  3.2%4.7%
  0.3%1.9%
  9.4%7.6%
  0.0%0.1%
  5.2%4.2%
  10.2%9.3%
  16.1%14.0%
  1.1%2.1%
  5.6%7.0%
  2.7%4.8%
  5.8%4.7%
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