Zip 10553 (Mount Vernon, NY) Economy


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10553 Mount Vernon, NY is a vibrant and diverse city located just outside of New York City. The 2 Bedroom Rent in the area is $1,880 which is slightly higher than the US average of $1,430. Despite this, the cost of living in 10553 Mount Vernon is still low compared to other areas due to its Grocery Cost Index which 106 versus 100 in the US.
The city has plenty to do and places to explore with various attractions such as the Sugar Hill Children's Museum, Greenburgh Nature Center, Val-Kill Cottage, Thomas J Watson Park and more. There are also many local businesses such as Encore Dance Studio, Allstate Insurance Agency - Eromosele Adesodun Agency LLC., New Essence Salon & Spa, Dunkin' Donuts and many others that provide great services to the community.

Mount Vernon (zip 10553) has an unemployment rate of 9.4%. The US average is 6.0%.

Mount Vernon (zip 10553) 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 24.0%, which is lower than the US average of 33.5%.

Tax Rates for Mount Vernon (zip 10553)
- The Sales Tax Rate for Mount Vernon (zip 10553) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon (zip 10553) 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 Mount Vernon (zip 10553)
- The average income of a Mount Vernon (zip 10553) resident is $26,185 a year. The US average is $28,555 a year.
- The Median household income of a Mount Vernon (zip 10553) resident is $80,400 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMount Vernon, New YorkUnited States
  9.46
  -6.3%-6.2%
  24.0%33.5%
  8.4%6.2%
  6.2%4.6%
  $39,340$37,638
  $80,400$69,021
  $102,358$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.5%6.8%
  5.8%10.0%
  1.5%2.5%
  13.1%11.0%
  6.6%4.8%
  0.5%0.8%
  3.1%1.9%
  5.4%4.7%
  0.7%1.9%
  4.4%7.6%
  0.0%0.1%
  7.1%4.2%
  16.0%9.3%
  21.2%14.0%
  0.3%2.1%
  4.3%7.0%
  1.7%4.8%
  4.8%4.7%
Health