Smithtown, NY is a charming suburban town located on Long Island with approximately 12,000 residents. The town is known for its strong sense of community and small-town charm. Smithtown has a diverse range of businesses from large corporations to small local shops and services which makes it an attractive place to live. It's also popular for its excellent schools and public transportation. Rent in Smithtown is significantly higher than the national average with two bedroom apartments renting for approximately $2,320 compared to a national average of $1,430 per month. Grocery costs in Smithtown are also higher than the rest of the US with a grocery cost index of 107 compared to 100 across the country. Despite these higher costs, Smithtown is still an attractive location for many due to its vibrant community and proximity to New York City.
Smithtown has an unemployment rate of 6.1%. The US average is 6.0%.
Smithtown 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 Smithtown
- The Sales Tax Rate for Smithtown is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Smithtown 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 Smithtown
- The average income of a Smithtown resident is $45,198 a year. The US average is $28,555 a year.
- The Median household income of a Smithtown resident is $138,137 a year. The US average is $69,021 a year.