New York (Manhattan), NY County is situated in a prestigious and unique location in the U.S., as it is one of the most sought-after destinations for travelers and locals alike. The cost of living here can be high compared to other parts of the country, with 2 bedroom rent averaging at $2,450 versus $1,430 in the US. Additionally, groceries are more expensive too in New York (Manhattan), NY County; according to a grocery cost index, it is 122 versus 100 in the US. This doesn't mean that it isn't worth living here though; there are plenty of local companies - such as Deloitte, Ernst & Young and KPMG - which provide many job opportunities and help keep the economy going. All in all, this makes New York (Manhattan), NY County an attractive place to live or visit; despite its higher costs, there are many benefits available here.
New York County has an unemployment rate of 8.6%. The US average is 6.0%.
New York County has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for New York County
- The Sales Tax Rate for New York County is 8.9%. The US average is 7.3%.
- The Income Tax Rate for New York 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 New York County
- The average income of a New York County resident is $63,610 a year. The US average is $28,555 a year.
- The Median household income of a New York County resident is $93,956 a year. The US average is $69,021 a year.