Hancock, NY is a small town with plenty of opportunity for its residents. The rent for a two bedroom apartment in Hancock is significantly cheaper than the US average, making it a great option for those trying to save money on their housing. The cost of groceries in Hancock is also slightly below the national average, which helps to keep costs low for local families. There are plenty of businesses in Hancock that make it an attractive place to live; local restaurants such as La Piazza and Summerhill Farms serve up delicious food and offer employment opportunities, while stores like Medley's General Store provide goods at competitive prices. Furthermore, the natural beauty of the area makes it an ideal location for outdoor enthusiasts looking to go hiking or fishing. All in all, living in Hancock can be an affordable and enjoyable experience.
Hancock has an unemployment rate of 6.5%. The US average is 6.0%.
Hancock has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Hancock
- The Sales Tax Rate for Hancock is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Hancock 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 Hancock
- The average income of a Hancock resident is $29,362 a year. The US average is $37,638 a year.
- The Median household income of a Hancock resident is $52,011 a year. The US average is $69,021 a year.