Chemung, NY County is an area with affordable living costs. According to the data in the content, two bedroom rent in Chemung, NY County is $1,040 which is lower than the US 2 Bedroom Rent of $1,430. The Grocery Cost Index in Chemung, NY County is 97 versus 100 in the US. This makes Chemung an attractive place for people who want to save money on general living expenses. \nThe county has many local companies that make it a great place to live and work too. Some of these companies include Corning Incorporated, Elmira Savings Bank, and Great American Defense contractors Incorporated. These companies offer employment opportunities within the county and help strengthen the economy of this region. Additionally, there are plenty of recreational activities available throughout Chemung county for residents to enjoy.
Chemung County has an unemployment rate of 6.9%. The US average is 6.0%.
Chemung County has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 11.6%, which is lower than the US average of 33.5%.
Tax Rates for Chemung County
- The Sales Tax Rate for Chemung County is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Chemung County 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 Chemung County
- The average income of a Chemung County resident is $25,967 a year. The US average is $28,555 a year.
- The Median household income of a Chemung County resident is $58,175 a year. The US average is $69,021 a year.