Shoreham, NY is a great place to live for those looking for an affordable home. On average, a two bedroom apartment costs $2,940 compared to the US average of $1,430. The cost of living in Shoreham is slightly higher than that of the US with a grocery cost index of 106 versus 100 in the US. Despite higher living costs, Shoreham offers numerous amenities and attractions for its residents. Popular local companies include Shore Eats cafe & restaurant, Kenton Technologies, and Acme Holdings. Other popular attractions are the Seaview Park beach, Quogue Wildlife Refuge nature preserve and art gallery, and the Long Island Aquarium.
Shoreham has an unemployment rate of 6.1%. The US average is 6.0%.
Shoreham 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Shoreham
- The Sales Tax Rate for Shoreham is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Shoreham 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 Shoreham
- The average income of a Shoreham resident is $78,099 a year. The US average is $28,555 a year.
- The Median household income of a Shoreham resident is $138,750 a year. The US average is $69,021 a year.