Scotia, NY Economy


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Scotia, NY is an attractive small town in upstate New York. This charming community offers residents a tranquil atmosphere with plenty of amenities to enjoy. Popular local businesses include Amy’s Cafe and Diner, The Farmers Market Butcher Shop, and The Fitness Guru. 2 bedroom rent in Scotia is slightly lower than the US average at $1,320 per month while groceries are slightly more expensive with an index of 102 versus 100 in the US. Despite this small difference, wages tend to be higher in Scotia which helps even out the cost of living for many residents. Overall, Scotia is a great place to call home due to its natural beauty combined with its affordability and close-knit community feel.

Scotia has an unemployment rate of 6.6%. The US average is 6.0%.

Scotia has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.

Tax Rates for Scotia
- The Sales Tax Rate for Scotia is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Scotia 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 Scotia
- The average income of a Scotia resident is $26,785 a year. The US average is $28,555 a year.
- The Median household income of a Scotia resident is $63,097 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyScotia, New YorkUnited States
  6.66
  -3.6%-6.2%
  25.9%33.5%
  8.0%6.2%
  6.2%4.6%
  $38,238$37,638
  $63,097$69,021
  $91,711$85,028
  Population by Occupation
  5.5%1.2%
  0.0%0.5%
  2.4%6.8%
  9.2%10.0%
  1.6%2.5%
  13.0%11.0%
  2.0%4.8%
  0.3%0.8%
  1.8%1.9%
  6.7%4.7%
  0.9%1.9%
  5.6%7.6%
  0.5%0.1%
  1.4%4.2%
  6.6%9.3%
  19.5%14.0%
  1.6%2.1%
  4.0%7.0%
  5.5%4.8%
  11.9%4.7%
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