Tompkins County, NY is a great place to live and work. The cost of living is lower than the national average, with 2 bedroom rent being $1,490 compared to the US average of $1,430. Grocery costs are also lower than the national average at 102 versus 100 in the US. Tompkins County is home to many locally owned businesses like Cornell University, Ithaca College, Cayuga Medical Center and Cayuga Wine Trail. It also has plenty of outdoor activities such as hiking in Watkins Glen State Park or biking on the Finger Lakes Trail. With its low cost of living and abundance of businesses and activities, Tompkins County is a great place to call home!
Tompkins County has an unemployment rate of 4.7%. The US average is 6.0%.
Tompkins County has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Tompkins County
- The Sales Tax Rate for Tompkins County is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Tompkins 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 Tompkins County
- The average income of a Tompkins County resident is $27,829 a year. The US average is $28,555 a year.
- The Median household income of a Tompkins County resident is $64,260 a year. The US average is $69,021 a year.