Thornwood, NY is an attractive place to live due to its close proximity to New York City. The two-bedroom rent in Thornwood is $2,420 compared to the US average of $1,430, making it an affordable option for those looking to relocate. Additionally, the grocery cost index in Thornwood is 109 versus 100 in the US which means that groceries will be slightly more expensive than the national average. There are several local companies located in Thornwood such as Alphabet City Beer Co., Heritage Hills Golf Resort, and Hudson Valley Hospital Center that provide great employment opportunities for those who decide to live in this area. With the combination of a reasonable cost of living and a variety of businesses, Thornwood proves to be a great location for anyone seeking an enjoyable lifestyle.
Thornwood has an unemployment rate of 6.2%. The US average is 6.0%.
Thornwood has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Thornwood
- The Sales Tax Rate for Thornwood is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Thornwood 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 Thornwood
- The average income of a Thornwood resident is $42,039 a year. The US average is $28,555 a year.
- The Median household income of a Thornwood resident is $177,750 a year. The US average is $69,021 a year.