Pomfret, NY Economy


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Pomfret, NY is a small town located in Chautauqua County of New York. It is known for its vibrant community and as a popular tourist destination. The rent for two bedrooms in Pomfret is $820, which is much lower than the national average of $1,430. Similarly, the Grocery Cost Index of Pomfret is 98 compared to the national average of 100. The cost of living in Pomfret is very reasonable and attractive for many families. Popular local companies in Pomfret include P&W Oil & Propane Company, A&L Electric Inc., Joe's Service Center and Wheelhouse Motorsports. These businesses provide excellent customer service to their customers while contributing to the local economy.

Pomfret has an unemployment rate of 7.4%. The US average is 6.0%.

Pomfret has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.

Tax Rates for Pomfret
- The Sales Tax Rate for Pomfret is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Pomfret 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 Pomfret
- The average income of a Pomfret resident is $22,469 a year. The US average is $28,555 a year.
- The Median household income of a Pomfret resident is $62,868 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPomfret, New YorkUnited States
  7.46
  -6.9%-6.2%
  12.7%33.5%
  8.0%6.2%
  6.2%4.6%
  $30,480$37,638
  $62,868$69,021
  $91,289$85,028
  Population by Occupation
  1.3%1.2%
  0.0%0.5%
  3.5%6.8%
  12.7%10.0%
  0.5%2.5%
  9.0%11.0%
  3.5%4.8%
  0.2%0.8%
  1.7%1.9%
  1.9%4.7%
  0.6%1.9%
  3.5%7.6%
  0.0%0.1%
  6.0%4.2%
  25.7%9.3%
  10.6%14.0%
  1.0%2.1%
  7.0%7.0%
  5.2%4.8%
  6.0%4.7%
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