North New Hyde Park, NY Economy


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North New Hyde Park, NY is an excellent place to live. It offers more affordable rent compared to the US average, at $2,520 for two bedrooms. Cost of living is also relatively lower as indicated by the grocery cost index which is currently 111 versus 100 in the US. Local businesses provide residents with numerous opportunities for employment and entertainment. Notable companies located in North New Hyde Park include Newsday, Modell's Sporting Goods, LIPA and Long Island Jewish Medical Center.

North New Hyde Park has an unemployment rate of 5.9%. The US average is 6.0%.

North New Hyde 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 North New Hyde Park
- The Sales Tax Rate for North New Hyde Park is 8.6%. The US average is 7.3%.
- The Income Tax Rate for North New Hyde 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 North New Hyde Park
- The average income of a North New Hyde Park resident is $41,208 a year. The US average is $28,555 a year.
- The Median household income of a North New Hyde Park resident is $146,895 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth New Hyde Park, New YorkUnited States
  5.96
  -6.6%-6.2%
  28.3%33.5%
  8.6%6.2%
  6.2%4.6%
  $55,216$37,638
  $146,895$69,021
  $159,846$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.5%6.8%
  3.2%10.0%
  2.3%2.5%
  9.9%11.0%
  5.9%4.8%
  0.8%0.8%
  3.7%1.9%
  10.8%4.7%
  1.5%1.9%
  10.0%7.6%
  0.0%0.1%
  4.9%4.2%
  13.6%9.3%
  20.3%14.0%
  1.3%2.1%
  1.4%7.0%
  2.5%4.8%
  4.3%4.7%
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