Garden City is a beautiful city located in New York with an estimated population of 24,195 people. Despite the high cost of living, Garden City is an attractive place to live due to its amazing amenities and attractions. The average 2 bedroom rent is $3,510 while the US average is $1,430; it would be wise to research thoroughly before deciding to move to this area. The Grocery Cost Index for Garden City NY is 113 which is above the national average of 100.
Garden City has a vibrant economy with many large companies such as Canon USA, Estée Lauder Companies Inc., and Bethpage Federal Credit Union having headquarters here. There are also a number of smaller businesses operating in the area such as Freshii Garden City, Hollywood Tans salon, and Lookin’ Good Pet Grooming. With so much economic activity taking place in Garden City, it is no wonder why many people choose to call this city their home.
Garden City has an unemployment rate of 5.9%. The US average is 6.0%.
Garden City 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 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Garden City
- The Sales Tax Rate for Garden City is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Garden City 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 Garden City
- The average income of a Garden City resident is $69,058 a year. The US average is $28,555 a year.
- The Median household income of a Garden City resident is $185,188 a year. The US average is $69,021 a year.