11050 Port Washington, NY is a great place to live for many reasons. Located on Long Island's North Shore, this area offers plenty of local amenities, including great restaurants, schools, stores and parks. There are also several large companies based in the area such as American Power & Light Co., LaGuardia Airport Corporation and New York & Atlantic Railway. The average rent for a two-bedroom apartment in 11050 Port Washington is $2,640 per month, which is significantly higher than the US average of $1,430 per month. Additionally, the Cost Grocery Index in 11050 Port Washington is 114 versus 100 in the US; this means that groceries are typically more expensive here than elsewhere in the country. All these factors combine to create a cost of living that is significantly higher than the national average.
Port Washington (zip 11050) has an unemployment rate of 5.5%. The US average is 6.0%.
Port Washington (zip 11050) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Port Washington (zip 11050)
- The Sales Tax Rate for Port Washington (zip 11050) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Port Washington (zip 11050) 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 Port Washington (zip 11050)
- The average income of a Port Washington (zip 11050) resident is $61,091 a year. The US average is $28,555 a year.
- The Median household income of a Port Washington (zip 11050) resident is $138,559 a year. The US average is $69,021 a year.