Southold, NY is a small town on the east end of Long Island. It has many great attractions such as wineries, local seafood spots, and small businesses. The cost of living in Southold is higher than the US average, with 2-bedroom rent coming in at $2,010 compared to the national average of $1,430. In addition, grocery costs are also higher than the US average with an index of 110 versus 100. Despite the high costs of living, Southold is still a popular destination due to its proximity to New York City and other metropolitan areas as well as its many local companies and attractions. Popular attractions include Kontokosta Winery, Mattituck U Pick Farmstand & Garden Center, and Nassau Point Beach.
Southold has an unemployment rate of 6.1%. The US average is 6.0%.
Southold 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 Southold
- The Sales Tax Rate for Southold is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Southold 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 Southold
- The average income of a Southold resident is $46,648 a year. The US average is $28,555 a year.
- The Median household income of a Southold resident is $92,229 a year. The US average is $69,021 a year.