Rensselaer County is located in the state of New York and is known for its affordable living costs. On average, a two-bedroom rental in Rensselaer County costs $1,310 per month, which is $120 cheaper than the national average of $1,430. Additionally, the Grocery Cost Index in Rensselaer County is 102 compared to 100 nationally. This means that groceries are slightly more expensive in Rensselaer County than other parts of the US. The county is home to several local businesses such as Price Chopper Supermarkets, Hannaford Supermarkets, Subway Restaurants and Stewart's Shops. There are also a number of parks in the area as well as popular attractions like Hudson Valley Community College and the Troy Savings Bank Music Hall.
Rensselaer County has an unemployment rate of 5.8%. The US average is 6.0%.
Rensselaer 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 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Rensselaer County
- The Sales Tax Rate for Rensselaer County is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Rensselaer 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 Rensselaer County
- The average income of a Rensselaer County resident is $30,285 a year. The US average is $28,555 a year.
- The Median household income of a Rensselaer County resident is $76,731 a year. The US average is $69,021 a year.