Hudson, NY Metro Area is an ideal place to live for those looking for economical living. The two bedroom rent of $1,110 per month is significantly lower than the national average of $1,430 and the Grocery Cost Index sits at 105, just above the US average of 100. This makes Hudson a great place for families on a budget who still want to have access to all the amenities that come with living in a large city.
The area has plenty of local businesses such as Creekside Books & Coffee, Hudson Valley Gourmet, and Rivertown Lodge. There are also many employment opportunities in industries such as health care (Columbia Memorial Hospital), tourism (Harrington House Bed & Breakfast), retail (Nebraska Furniture Mart) and education (Hudson City School District). All this makes Hudson a great place to call home.
Hudson Metro Area has an unemployment rate of 5.3%. The US average is 6.0%.
Hudson Metro Area has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Hudson Metro Area
- The Sales Tax Rate for Hudson Metro Area is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Hudson Metro Area 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 Hudson Metro Area
- The average income of a Hudson Metro Area resident is $42,900 a year. The US average is $37,638 a year.
- The Median household income of a Hudson Metro Area resident is $73,065 a year. The US average is $69,021 a year.