10538 Larchmont, NY is a small village in Westchester County with a population of 6,485 people. This area has an above-average cost of living due to its proximity to New York City and several large employers nearby. The average 2 Bedroom rent in this zip code is $2,400 per month which is significantly higher than the US average of $1,430 per month. Additionally, the Grocery Cost Index in this zip code is 116 compared to 100 in the US. These high costs can be attributed to both the local employers such as PepsiCo, Regeneron Pharmaceuticals and IBM who are based near 10538 Larchmont as well as New York City being only 20 miles away providing access to ample job opportunities. Moreover, the area also features excellent public schools and recreational facilities that contribute to the high cost of living.
Larchmont (zip 10538) has an unemployment rate of 6.2%. The US average is 6.0%.
Larchmont (zip 10538) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Larchmont (zip 10538)
- The Sales Tax Rate for Larchmont (zip 10538) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Larchmont (zip 10538) 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 Larchmont (zip 10538)
- The average income of a Larchmont (zip 10538) resident is $86,145 a year. The US average is $28,555 a year.
- The Median household income of a Larchmont (zip 10538) resident is $203,932 a year. The US average is $69,021 a year.