Oppenheim, NY is more affordable than the US average in terms of rent and cost of living. The 2 bedroom rent in Oppenheim, NY is $850 per month whereas the national average for 2 bedroom rent in the United States is $1,430. Additionally, Oppenheim’s Grocery Cost Index of 96 is lower than the US’s 100 index. This makes Oppenheim a great place for those looking for an affordable lifestyle. Some local companies that contribute to Oppenheim’s economy include Smith's Garage Inc., Oppenheim Recreation Center, and KFC Country Store. As a whole, the city of Oppenheim offers its residents an inexpensive standard of living as well as quality services from local businesses.
Oppenheim has an unemployment rate of 7.6%. The US average is 6.0%.
Oppenheim has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Oppenheim
- The Sales Tax Rate for Oppenheim is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Oppenheim 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 Oppenheim
- The average income of a Oppenheim resident is $19,315 a year. The US average is $28,555 a year.
- The Median household income of a Oppenheim resident is $62,875 a year. The US average is $69,021 a year.