Saratoga Springs, NY is a great location for living and working. It has an average 2 Bedroom rent of $1,710 which is slightly higher than the US average of $1,430. The cost of groceries relative to the rest of the country is also higher in Saratoga Springs with an index value of 108 compared to 100 nationally. There are numerous local companies in Saratoga Springs operating in industries ranging from manufacturing to hospitality such as Fage USA Dairy Industry, Price Chopper Supermarkets, and Longfellows Hotel & Restaurant Group.
Saratoga Springs has an unemployment rate of 5.0%. The US average is 6.0%.
Saratoga Springs has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Saratoga Springs
- The Sales Tax Rate for Saratoga Springs is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Saratoga Springs 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 Saratoga Springs
- The average income of a Saratoga Springs resident is $39,395 a year. The US average is $28,555 a year.
- The Median household income of a Saratoga Springs resident is $90,020 a year. The US average is $69,021 a year.