Tompkins, NY is an attractive destination for those looking to find a great place to live. The rent for two-bedroom apartments are much lower than the national average of $1,430, coming in at just $850. In addition, groceries are generally cheaper as the Grocery Cost Index in Tompkins comes in at 98 compared to the US average of 100. Popular companies located in Tompkins include Cornell University and Ithaca College, while popular attractions include Cayuga Lake State Park and Taughannock Falls State Park. With its low cost of living and diverse range of activities to enjoy, it’s no surprise that Tompkins is a great place to call home.
Tompkins has an unemployment rate of 6.5%. The US average is 6.0%.
Tompkins has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Tompkins
- The Sales Tax Rate for Tompkins is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Tompkins 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 Tompkins
- The average income of a Tompkins resident is $28,323 a year. The US average is $37,638 a year.
- The Median household income of a Tompkins resident is $46,125 a year. The US average is $69,021 a year.