Venice, NY Economy


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Venice, NY is a small city located in Oswego County. It has an estimated population of 5,400 people and is known for its low cost of living. The 2 bedroom rental rate in Venice is very affordable at $980 per month, while the US average is nearly double that amount at $1,430. Grocery costs in Venice are also slightly lower than the national average at 99 versus 100 on the Cost Index. If you're looking for an affordable place to call home without sacrificing modern amenities, then Venice just might be the perfect fit. Popular local employers include Crone Tree Care Inc., O'Hara Paving & Excavating Inc., Acorn Technology Solutions, and J&P Builders & Designers LLC.

Venice has an unemployment rate of 6.6%. The US average is 6.0%.

Venice has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.

Tax Rates for Venice
- The Sales Tax Rate for Venice is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Venice 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 Venice
- The average income of a Venice resident is $24,474 a year. The US average is $28,555 a year.
- The Median household income of a Venice resident is $81,417 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyVenice, New YorkUnited States
  6.66
  -4.9%-6.2%
  16.6%33.5%
  4.0%6.2%
  6.2%4.6%
  $37,715$37,638
  $81,417$69,021
  $88,333$85,028
  Population by Occupation
  10.9%1.2%
  1.3%0.5%
  7.5%6.8%
  6.3%10.0%
  1.9%2.5%
  9.9%11.0%
  4.7%4.8%
  0.0%0.8%
  0.3%1.9%
  0.6%4.7%
  0.0%1.9%
  0.7%7.6%
  0.0%0.1%
  3.0%4.2%
  14.0%9.3%
  17.9%14.0%
  1.3%2.1%
  11.2%7.0%
  4.2%4.8%
  4.4%4.7%
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