Warrensburg, NY is a small town located in the rural part of New York State. With a current population of about 4,800 people, it has a relatively low cost of living when compared to other towns and cities in the US. The 2-bedroom rent for Warrensburg is $1,050, which is considerably lower than the average US 2-bedroom rent of $1,430. Additionally, the Grocery Cost Index in Warrensburg is 100 compared to 100 in the US. This makes it an attractive option for many who are looking for an affordable place to live with all the necessary amenities close by. \nLocal businesses that could benefit from this population include grocery stores such as Big M and Tops Markets; restaurants like MacDuff’s Pub and Kozy Korner Cafe; and retail stores like Bargain Boutique and Upstate Outdoors. These companies can take advantage of the lower costs associated with running their businesses in Warrensburg while still providing quality goods and services to its residents.
Warrensburg has an unemployment rate of 7.1%. The US average is 6.0%.
Warrensburg 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 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Warrensburg
- The Sales Tax Rate for Warrensburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Warrensburg 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 Warrensburg
- The average income of a Warrensburg resident is $27,541 a year. The US average is $28,555 a year.
- The Median household income of a Warrensburg resident is $58,964 a year. The US average is $69,021 a year.