Penn Yan, NY is a charming small town nestled in the Finger Lakes region of New York State. It has a population of around 5,000 people and offers an affordable cost of living. In terms of rent for a two bedroom apartment, it's $1,030 compared to the national average which is $1,430. Additionally, its Grocery Cost Index is on par with the US at 100. The town has plenty of local businesses such as Ontario Specialty Coils for coil fabrication and Silent K Studios for video production services. There are also many attractions and activities for visitors to enjoy such as Keuka Lake State Park, Yates County Historical Society and Museum, and the Penn Yan Fine Arts Center.
Penn Yan has an unemployment rate of 5.5%. The US average is 6.0%.
Penn Yan has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Penn Yan
- The Sales Tax Rate for Penn Yan is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Penn Yan 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 Penn Yan
- The average income of a Penn Yan resident is $21,594 a year. The US average is $28,555 a year.
- The Median household income of a Penn Yan resident is $41,014 a year. The US average is $69,021 a year.