Coram, NY Economy


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\nCoram, NY is a small town located in Suffolk County on Long Island. It has a population of about 11,000 people and is approximately 35 miles east of New York City. With such a proximity to the Big Apple, Coram offers its residents an attractive combination of rural charm and easy access to the hustle and bustle of city life. The cost of renting a two bedroom apartment in Coram is around $2,560 which is higher than the US average of $1,430; however, grocery costs are lower than most with an index score of 105 versus 100 for the US. Popular local companies include Sandy's Hardware Store, Market Basket Grocery Store, Coram Carpet Cleaners and Phil's Auto Service Center.

Coram has an unemployment rate of 6.1%. The US average is 6.0%.

Coram has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Coram
- The Sales Tax Rate for Coram is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Coram 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 Coram
- The average income of a Coram resident is $34,995 a year. The US average is $28,555 a year.
- The Median household income of a Coram resident is $86,188 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCoram, New YorkUnited States
  6.16
  -6.6%-6.2%
  26.8%33.5%
  8.6%6.2%
  6.2%4.6%
  $42,802$37,638
  $86,188$69,021
  $109,103$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  5.6%6.8%
  5.4%10.0%
  1.7%2.5%
  11.6%11.0%
  5.2%4.8%
  1.6%0.8%
  1.8%1.9%
  5.1%4.7%
  1.5%1.9%
  6.8%7.6%
  0.0%0.1%
  4.0%4.2%
  11.6%9.3%
  20.4%14.0%
  2.3%2.1%
  4.7%7.0%
  3.3%4.8%
  7.3%4.7%
Reviews for Coram
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Over 15 years ago

I live in coram ny and it is the least expensive at this  More

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Over 17 years ago

The quality of life here is not bad but I am looking to move out of NY b/c it is just too expensive to live here....If you are looking to start a family here you must  More

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