Potter, NY is a small town located in the midwest of the United States. It is known for its vibrant community life and wide range of businesses. Popular local companies include Potter's Bakery, Groceries Galore, and Mini Marts. Potter also offers a variety of housing options, including apartments, condos, and single-family homes. Despite this abundance of housing opportunities, the cost of living in Potter is lower than average compared to the rest of the US. This difference can be attributed to the low rent costs in Potter; two bedroom apartments typically rent for around $940 per month which is significantly less than the national average rental price of $1,430 per month. Additionally, grocery stores in Potter have an index value of 100 compared to 100 in other areas across America as well. All these factors create a desirable environment where families can live comfortably without worrying about their expenses each month.
Potter has an unemployment rate of 5.5%. The US average is 6.0%.
Potter 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 Potter
- The Sales Tax Rate for Potter is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Potter 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 Potter
- The average income of a Potter resident is $22,906 a year. The US average is $28,555 a year.
- The Median household income of a Potter resident is $67,143 a year. The US average is $69,021 a year.