Richland, NY Economy


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Richland, NY is a great place to live with plenty of amenities and attractions. With a 2 Bedroom Rent of $1,000 per month, it is much more affordable than other parts of the United States where the US 2 Bedroom Rent is $1,430. Additionally, the Grocery Cost Index in Richland is 98 versus 100 in the US making it an even better value for the money. \nLocal businesses can be found throughout Richland; some popular destinations are Belle's Coffee & Café, Joe's Pizza Place, and Richland Market. Each one offers unique experiences and products for visitors and locals alike. With its lower rental rates and cost of living index, Richland has become a desirable destination for people living on a budget while still providing quality services.

Richland has an unemployment rate of 7.5%. The US average is 6.0%.

Richland has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.

Tax Rates for Richland
- The Sales Tax Rate for Richland is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Richland 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 Richland
- The average income of a Richland resident is $33,765 a year. The US average is $37,638 a year.
- The Median household income of a Richland resident is $61,552 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRichland, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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