Wolcott, NY is a small town located less than an hour from Syracuse on the banks of Lake Ontario's eastern shore. The town is known for its quiet surroundings and friendly people. Popular local businesses include Wolcott Lumber, which has served the community since 1906 providing quality lumber products and hardware services; Fish Company Farms, a family-owned farm providing fresh produce for over two decades; Bates Printing Press offering printing services for both commercial and personal needs; Elmwood Inn Bed & Breakfast, a popular destination among tourists looking for a scenic stay in upstate New York; and many other businesses. \nThe cost of living in Wolcott, NY is much lower than the US average. The median rent for a 2 bedroom apartment in Wolcott is $970 compared to $1,430 nationally while the Grocery Cost Index in Wolcott stands at 97 versus 100 nationwide. In addition to this, taxes tend to be much lower in the area so overall costs are kept low making it an attractive place to live or visit.
Wolcott has an unemployment rate of 6.2%. The US average is 6.0%.
Wolcott has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Wolcott
- The Sales Tax Rate for Wolcott is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Wolcott 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 Wolcott
- The average income of a Wolcott resident is $27,536 a year. The US average is $37,638 a year.
- The Median household income of a Wolcott resident is $60,872 a year. The US average is $69,021 a year.