Locust Valley is a small town in Nassau County, New York. The population of the town is 5,420 as of 2020. This charming community is home to various businesses such as the Locust Valley Country Club, Locust Valley Animal Hospital, Times Review Media Group, and other local mom-and-pop shops. Rent for a two bedroom apartment in the area is comparatively more expensive than across the United States at $2,520 compared to $1,430 respectively. The cost of groceries are also relatively higher than that of national prices with an index of 112 versus 100 in the US.
Locust Valley has an unemployment rate of 5.9%. The US average is 6.0%.
Locust Valley 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 Locust Valley
- The Sales Tax Rate for Locust Valley is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Locust Valley 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 Locust Valley
- The average income of a Locust Valley resident is $49,952 a year. The US average is $28,555 a year.
- The Median household income of a Locust Valley resident is $126,369 a year. The US average is $69,021 a year.