Point Lookout, NY Economy


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Point Lookout, NY is a desirable place to live due to its many amenities. With an average two bedroom rent rate of $2,660 per month, it's slightly more expensive than the US average of $1,430 but still affordable for most people. Additionally, the grocery cost index in Point Lookout is 113 versus 100 in the US, making it a great bargain for those looking to stretch their money further. Local businesses also make Point Lookout an attractive option with popular stores such as The Springside Market and Captain Bill's Seafood Eatery providing residents with easy access to food and fresh produce. Other local companies include Suburbia Salon & Spa and Shark Bite Seafood Co., giving residents plenty of entertainment choices as well. All of these factors make Point Lookout a great place to call home.

Point Lookout has an unemployment rate of 5.9%. The US average is 6.0%.

Point Lookout has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.

Tax Rates for Point Lookout
- The Sales Tax Rate for Point Lookout is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Point Lookout 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 Point Lookout
- The average income of a Point Lookout resident is $84,371 a year. The US average is $37,638 a year.
- The Median household income of a Point Lookout resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPoint Lookout, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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