Portage, NY Economy


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Portage, NY is a small town in upstate New York located close to the Finger Lakes. It’s a great place for anyone looking for a quiet area away from the hustle and bustle of the city. The rent for a 2-bedroom apartment in Portage is very affordable at $950 compared to an average of $1,430 across the US. Additionally, groceries are also significantly cheaper with an index of 97 versus 100 on average in the US.
This area is home to several local businesses such as Ravioli & Co., Hillside Gardens, and The Little Market Deli & Cafe. There are also plenty of amenities to enjoy such as quality schools, parks, recreational activities, and more. With its great atmosphere and affordable cost of living, it's no wonder why Portage has become an increasingly popular area to live in upstate New York!

Portage has an unemployment rate of 5.8%. The US average is 6.0%.

Portage has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.

Tax Rates for Portage
- The Sales Tax Rate for Portage is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Portage 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 Portage
- The average income of a Portage resident is $23,359 a year. The US average is $28,555 a year.
- The Median household income of a Portage resident is $53,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPortage, New YorkUnited States
  5.86
  -5.5%-6.2%
  23.8%33.5%
  8.0%6.2%
  6.2%4.6%
  $25,486$37,638
  $53,750$69,021
  $74,750$85,028
  Population by Occupation
  6.8%1.2%
  1.0%0.5%
  14.1%6.8%
  8.1%10.0%
  0.0%2.5%
  10.3%11.0%
  2.5%4.8%
  0.0%0.8%
  1.0%1.9%
  1.0%4.7%
  0.0%1.9%
  2.8%7.6%
  0.0%0.1%
  0.5%4.2%
  12.6%9.3%
  11.1%14.0%
  2.8%2.1%
  6.0%7.0%
  9.6%4.8%
  9.8%4.7%
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