11954 Montauk, NY is a great place to live for those looking for an affordable and relaxing lifestyle. The average 2 bedroom rent in this area is $3,090 which is much more affordable than the US average of $1,430. Additionally, the Grocery Cost Index in Montauk is 116 versus 100 in the US, making it relatively inexpensive to buy groceries in this area as well.
The small town feel of Montauk makes it a desirable place to live with plenty of local businesses and attractions for residents to enjoy. Some popular local companies are Montauk Tackle Box which offers fishing supplies and equipment rentals, Surf Lodge which features live music and food on the beach, as well as artisanal ice cream shop called John’s Drive-In. Residents can also enjoy outdoor activities like biking or kayaking on Fort Pond Bay or take a drive through Hither Hills State Park to experience stunning ocean views.
Montauk (zip 11954) has an unemployment rate of 6.1%. The US average is 6.0%.
Montauk (zip 11954) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Montauk (zip 11954)
- The Sales Tax Rate for Montauk (zip 11954) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Montauk (zip 11954) 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 Montauk (zip 11954)
- The average income of a Montauk (zip 11954) resident is $76,857 a year. The US average is $37,638 a year.
- The Median household income of a Montauk (zip 11954) resident is $135,927 a year. The US average is $69,021 a year.