Island Park, NY is a bustling suburb located near Long Island's south shore. It has many attractions for residents and visitors alike, including parks and beaches, shopping outlets, and excellent restaurants. The city also boasts a variety of local businesses like Adam's Pizza, Kelly's Delicatessen, and Shoreham Hardware. The cost of living in Island Park is slightly higher than the national average; rent on a two-bedroom apartment averages around $2,230 compared to the US rate of $1,430. Similarly, prices at grocery stores are about 7% higher than in other parts of the country. Despite this difference in cost of living however, Island Park remains an appealing destination for many families who enjoy its convenient location and many amenities provided by its local businesses.
Island Park has an unemployment rate of 5.9%. The US average is 6.0%.
Island Park 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 Island Park
- The Sales Tax Rate for Island Park is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Island Park 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 Island Park
- The average income of a Island Park resident is $28,854 a year. The US average is $28,555 a year.
- The Median household income of a Island Park resident is $84,183 a year. The US average is $69,021 a year.