Wainscott, NY is a small, affluent village in Suffolk County, New York. It is renowned for its beautiful beaches, luxury homes, and peaceful atmosphere. The cost of living in Wainscott is significantly higher than the national averages. For example, 2 bedroom renting can be upwards of $2,800 per month compared to the US average of $1,430. Even grocery costs are more expensive in Wainscott as the local Grocery Cost Index is 125 compared to 100 nationally. Despite being one of the most expensive places to live in New York State, Wainscott offers a number of local businesses such as Graybarns Cafe & Inn, Mecox Bay Dairy and Roger’s Rose Farm that provide employment opportunities to people who live in the area.
Wainscott has an unemployment rate of 6.1%. The US average is 6.0%.
Wainscott 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 Wainscott
- The Sales Tax Rate for Wainscott is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Wainscott 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 Wainscott
- The average income of a Wainscott resident is $46,755 a year. The US average is $28,555 a year.
- The Median household income of a Wainscott resident is $152,946 a year. The US average is $69,021 a year.