Shelter Island, NY is a beautiful small town located in the eastern part of New York. It offers a peaceful and relaxed atmosphere with plenty of outdoor activities such as fishing, boating, and swimming. Despite its small size, Shelter Island has many amenities to offer to residents. The cost of living is higher here than in other parts of the state; for example, the rent for two bedroom apartments is $2,610 which is significantly more than the national average of $1,430. Additionally there is a grocery cost index in Shelter Island that is 116 compared to 100 in the U.S..
There are several local businesses that make their home in Shelter Island including Schultheis Real Estate Inc., which specializes in residential and commercial real estate services; ISLAND BREEZE FISHING CHARTERS, offering deep sea fishing trips; Greenport Harbor Brewing Company; and Primavera Restaurant & Pizzeria. These businesses provide employment opportunities as well as goods and services to the local community.
Shelter Island has an unemployment rate of 6.1%. The US average is 6.0%.
Shelter Island has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Shelter Island
- The Sales Tax Rate for Shelter Island is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Shelter Island 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 Shelter Island
- The average income of a Shelter Island resident is $57,119 a year. The US average is $37,638 a year.
- The Median household income of a Shelter Island resident is $100,094 a year. The US average is $69,021 a year.