Wilmington, NY is a small town located in Northern New York. It is home to several local businesses, including the Wilmington Woodworks, which offers custom wood furniture crafted by artisans from the area. Additionally, the Whiteface Mountain Ski Resort offers a variety of winter activities such as skiing, snowmobiling and tubing. For shopping enthusiasts, there are two outlets in Wilmington – The North Country Outlet Mall and the Great Adirondack Outlet Mall – both offering great deals on clothing and other items. The cost of living in Wilmington is relatively affordable with 2 bedroom rents averaging at $910 compared to $1,430 nationally. Grocery costs are also lower at 108 index points versus 100 for the US as a whole.
Wilmington has an unemployment rate of 6.8%. The US average is 6.0%.
Wilmington 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 23.8%, which is lower than the US average of 33.5%.
Tax Rates for Wilmington
- The Sales Tax Rate for Wilmington is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Wilmington 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 Wilmington
- The average income of a Wilmington resident is $28,506 a year. The US average is $28,555 a year.
- The Median household income of a Wilmington resident is $70,703 a year. The US average is $69,021 a year.