Watkins Glen, NY is a small city located in the Finger Lakes region of New York. The cost of living is lower than the US average, with rent for a 2 bedroom home coming in at $910 compared to an average of $1,430 across the US. Grocery costs are also lower, with the Grocery Cost Index sitting at 98 versus 100 across the US. Watkins Glen has many local companies that provide employment and services to the community such as Central New York Oil & Gas, Corning Natural Gas Corporation, and Seneca Cabinetry & Design Inc. These companies are vital to helping keep Watkins Glen running smoothly and providing services to its residents.
Watkins Glen has an unemployment rate of 7.4%. The US average is 6.0%.
Watkins Glen has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Watkins Glen
- The Sales Tax Rate for Watkins Glen is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Watkins Glen 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 Watkins Glen
- The average income of a Watkins Glen resident is $23,574 a year. The US average is $28,555 a year.
- The Median household income of a Watkins Glen resident is $43,393 a year. The US average is $69,021 a year.