Old Field, NY Economy


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Old Field, NY is an affluent town located in Suffolk County. It has a median home value of $712,800 and is known for its historic parks, beaches, and harbor. The average rent for a two-bedroom apartment is $2,810, which is slightly higher than the US average of $1,430. Additionally, the cost of living in Old Field is 7% higher than the national average. Popular local companies include WP Realty Group LLC, CAG Design & Build Inc., and Old Field Nursery & Florist Inc. These businesses serve to enhance the unique atmosphere of this small town.

Old Field has an unemployment rate of 6.1%. The US average is 6.0%.

Old Field has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Old Field
- The Sales Tax Rate for Old Field is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Old Field 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 Old Field
- The average income of a Old Field resident is $148,200 a year. The US average is $37,638 a year.
- The Median household income of a Old Field resident is $241,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOld Field, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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