Cato, NY is an unincorporated community located in the town of Cato, Cayuga County. The area offers a nice quality of life with two bedroom rent averaging $1,090 a month which is significantly lower than the US average of $1,430. Additionally, grocery costs in the region are relatively low with an index rating of 98 compared to 100 in the US. Popular attractions in the area include nearby Jordan Lake State Park and surrounding wineries. The local economy is supported by a number of small businesses such as Trader’s General Store, B&B Fireworks, and Spicer’s Hill Vineyard. Residents can also access larger employers like Walmart and Lowes in nearby Auburn.
Cato (zip 13033) has an unemployment rate of 6.6%. The US average is 6.0%.
Cato (zip 13033) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Cato (zip 13033)
- The Sales Tax Rate for Cato (zip 13033) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cato (zip 13033) 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 Cato (zip 13033)
- The average income of a Cato (zip 13033) resident is $32,454 a year. The US average is $37,638 a year.
- The Median household income of a Cato (zip 13033) resident is $68,565 a year. The US average is $69,021 a year.