Tuxedo, NY is a small town situated in Orange County. It is a popular destination for outdoor recreation and weekend getaways due to its close proximity to the Harriman State Park. The cost of living in Tuxedo is significantly higher than the US average, with 2 bedroom rents costing $2,050 compared to the national average of $1,430, and a grocery cost index at 107 versus 100 nationally. There are a number of local businesses that provide services for residents including Castle Rock Coffee House for light bites and drinks, Carnivore's Market for gourmet meats and seafood, as well as Tuxedo Hardware Store for home supplies.
Tuxedo has an unemployment rate of 6.1%. The US average is 6.0%.
Tuxedo has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Tuxedo
- The Sales Tax Rate for Tuxedo is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Tuxedo 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 Tuxedo
- The average income of a Tuxedo resident is $55,271 a year. The US average is $28,555 a year.
- The Median household income of a Tuxedo resident is $173,125 a year. The US average is $69,021 a year.