Zip 10705 (Yonkers, NY) Economy


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10705 Yonkers, NY is an area located in the Hudson Valley of New York just north of the Bronx. The average 2 bedroom rent in 10705 Yonkers, NY is $1,860 compared to a national average of $1,430. The grocery cost index for this area is 107 versus 100 nationally. Local companies in 10705 Yonkers, NY include Mercy College with its state-of-the-art learning facilities and student services; the Westchester Medical Center offering quality care and medical services; the Empire City Casino providing gambling entertainment; and Food Bank For Westchester offering hunger relief programs. Other local companies worth mentioning are Skyview on the Hudson, a popular restaurant and bar; Alexander’s Steakhouse which serves delicious American cuisine; and Yonkers Auto Body Shop providing vehicle repair services.

Yonkers (zip 10705) has an unemployment rate of 7.6%. The US average is 6.0%.

Yonkers (zip 10705) 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 25.5%, which is lower than the US average of 33.5%.

Tax Rates for Yonkers (zip 10705)
- The Sales Tax Rate for Yonkers (zip 10705) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Yonkers (zip 10705) 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 Yonkers (zip 10705)
- The average income of a Yonkers (zip 10705) resident is $23,359 a year. The US average is $28,555 a year.
- The Median household income of a Yonkers (zip 10705) resident is $61,078 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyYonkers, New YorkUnited States
  7.66
  -6.3%-6.2%
  25.5%33.5%
  8.9%6.2%
  6.2%4.6%
  $33,055$37,638
  $61,078$69,021
  $70,899$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  8.3%6.8%
  5.8%10.0%
  2.0%2.5%
  9.8%11.0%
  7.9%4.8%
  0.7%0.8%
  0.9%1.9%
  2.7%4.7%
  3.1%1.9%
  3.7%7.6%
  0.1%0.1%
  4.3%4.2%
  6.4%9.3%
  22.2%14.0%
  2.4%2.1%
  9.6%7.0%
  3.5%4.8%
  6.5%4.7%
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