Sands Point, NY is a beautiful and affluent village in Nassau County on the North Shore of Long Island. The village is home to several high-end companies such as KPMG, Morgan Stanley Wealth Management, Estee Lauder Companies Inc., Pfizer, and Deloitte & Touche LLP. The cost of living in Sands Point is quite high compared to the rest of the US. For example, the average 2 bedroom rent for Sands Point is $2,610 while the same in the US averages at $1,430. Grocery cost index also shows a higher value with 114 for Sands Point versus 100 for US average. Despite its high costs of living, many people choose to live in this beautiful village due to its convenient location and attractive amenities.
Sands Point has an unemployment rate of 5.9%. The US average is 6.0%.
Sands Point has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Sands Point
- The Sales Tax Rate for Sands Point is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Sands Point 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 Sands Point
- The average income of a Sands Point resident is $123,680 a year. The US average is $28,555 a year.
- The Median household income of a Sands Point resident is $250,001 a year. The US average is $69,021 a year.