Winthrop, NY is a small town in upstate New York with a population of about 1,200 people. It is known for its picturesque views and friendly community atmosphere. Located nearby are several popular destinations like Adirondack Park and Lake George. Winthrop's cost of living is lower than the US average in areas such as housing expenses and groceries. For example, a two-bedroom rental unit in Winthrop costs $890 compared to an average of $1,430 nationwide. Groceries also cost less in Winthrop due to their index score of 96 versus 100 nation wide. The local economy includes companies such as Denton Publications Inc., North Country Auto Sales & Services, Gorman's Home Center Store, and Black Bear cabins & Campgrounds. These businesses offer various services which contribute to keeping the cost of living relatively low for residents in the area.
Winthrop has an unemployment rate of 6.7%. The US average is 6.0%.
Winthrop has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Winthrop
- The Sales Tax Rate for Winthrop is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Winthrop 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 Winthrop
- The average income of a Winthrop resident is $52,442 a year. The US average is $37,638 a year.
- The Median household income of a Winthrop resident is $0 a year. The US average is $69,021 a year.