Sag Harbor, NY is a beautiful village located on the East End of Long Island. The population of Sag Harbor is 2,169 and it offers incredible views of the harbor. This area is popular for its sailing, boating, fishing and beaches. Renting an apartment in this area can cost around $2,790 for a two bedroom. Compared to the national average rent of $1,430 for a two bedroom apartment, it can be more expensive to live in this area but many people find that the benefits outweigh the costs. Additionally, grocery costs are higher here than in other places with an index of 120 compared to 100 nationally. There are plenty of local businesses such as SagTown Coffee & Juice Bar or Stop & Shop Grocery Store where you can find locally sourced products and organic items at a reasonable cost.
Sag Harbor has an unemployment rate of 6.1%. The US average is 6.0%.
Sag Harbor 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Sag Harbor
- The Sales Tax Rate for Sag Harbor is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Sag Harbor 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 Sag Harbor
- The average income of a Sag Harbor resident is $64,946 a year. The US average is $28,555 a year.
- The Median household income of a Sag Harbor resident is $111,518 a year. The US average is $69,021 a year.