Prospect, NY is a beautiful small town in Oneida County located just outside of Rome and Utica. It's the perfect spot for anyone looking for a quiet place to call home. The cost of living is relatively low compared to larger cities; 2 bedroom rent is only $950 compared to the US average of $1,430. Grocery costs are also lower than the national average at 98 versus 100 in the US. In addition, Prospect has many local companies and attractions such as Sunrise Orchard Store & Bakery, Valley View Winery, and Prospect Station Park. As an outdoor enthusiast’s paradise, you can find hiking trails, nature preserves and spots for camping nearby. Whether you’re looking for a home away from home or just a quiet weekend getaway spot, Prospect is the perfect spot for you!
Prospect has an unemployment rate of 6.7%. The US average is 6.0%.
Prospect has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Prospect
- The Sales Tax Rate for Prospect is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Prospect 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 Prospect
- The average income of a Prospect resident is $21,444 a year. The US average is $37,638 a year.
- The Median household income of a Prospect resident is $54,500 a year. The US average is $69,021 a year.