Philipstown, NY, is a scenic town located in Putnam County. It's known for its beautiful views of the Hudson River and its local attractions such as Constitution Island and Cold Spring Harbor. The cost of living in Philipstown is slightly higher than other places due to higher rental costs; a two bedroom apartment costs about $2,400 per month. Grocery costs are also high, with an index rating of 108 compared to the US average of 100. The area’s main employers include Philipstown Community Center, Putnam Valley Ambulance Corps, and Philipstown Food Pantry. Despite the higher costs of living, Philipstown remains a popular destination for people looking for scenic views and family-friendly activities.
Philipstown has an unemployment rate of 5.5%. The US average is 6.0%.
Philipstown has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Philipstown
- The Sales Tax Rate for Philipstown is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Philipstown 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 Philipstown
- The average income of a Philipstown resident is $60,062 a year. The US average is $37,638 a year.
- The Median household income of a Philipstown resident is $119,918 a year. The US average is $69,021 a year.