Rifton, NY is an ideal place to live for those looking for a more affordable alternative than other parts of the country. With two-bedroom rent prices at $1,690 compared to the national average of $1,430, Rifton allows people to enjoy a comfortable lifestyle at a fraction of the cost. Additionally, the living cost index in Rifton is 105 versus 100 in the US so groceries are still relatively inexpensive.
The city also has plenty of amenities for locals to take advantage of with a wide variety of local businesses. Home Depot, Walmart, and Lowes are all easily accessible stores offering everyday items for locals while small businesses such as All About You Floral Design and The Bandwagon Brew Pub provide unique options for entertainment. With its convenience to nature trails like Minnewaska State Park Preserve or Mohonk Preserve providing outdoor activities or enjoyment and beautiful views, Rifton is an ideal location for those who want to live in an affordable yet vibrant city.
Rifton has an unemployment rate of 6.2%. The US average is 6.0%.
Rifton has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Rifton
- The Sales Tax Rate for Rifton is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Rifton 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 Rifton
- The average income of a Rifton resident is $17,925 a year. The US average is $28,555 a year.
- The Median household income of a Rifton resident is $2,499 a year. The US average is $69,021 a year.