Zip 12549 (Montgomery, NY) Economy


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12549 Montgomery, NY is an attractive place to live due to its affordability and proximity to New York City. The average two bedroom rent in Montgomery is $1,720, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index for Montgomery is 104 versus 100 in the US. This area has many local companies that residents can enjoy such as Monty's Coffee Shop, Bob's Diner, and Kiki's Fish & Chips. These businesses are all within walking distance from most areas of town and provide excellent food and services at reasonable prices. In addition, there are several local stores offering unique items for purchase. Whether it be a new outfit or a souvenir from a trip to the city nearby, 12549 Montgomery has something for everyone!

Montgomery (zip 12549) has an unemployment rate of 6.1%. The US average is 6.0%.

Montgomery (zip 12549) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.

Tax Rates for Montgomery (zip 12549)
- The Sales Tax Rate for Montgomery (zip 12549) is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Montgomery (zip 12549) 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 Montgomery (zip 12549)
- The average income of a Montgomery (zip 12549) resident is $33,792 a year. The US average is $28,555 a year.
- The Median household income of a Montgomery (zip 12549) resident is $106,435 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMontgomery, New YorkUnited States
  6.16
  -6.6%-6.2%
  28.6%33.5%
  8.1%6.2%
  6.2%4.6%
  $40,642$37,638
  $106,435$69,021
  $115,142$85,028
  Population by Occupation
  2.2%1.2%
  0.0%0.5%
  8.7%6.8%
  5.5%10.0%
  2.2%2.5%
  9.3%11.0%
  8.1%4.8%
  1.2%0.8%
  1.8%1.9%
  6.0%4.7%
  1.7%1.9%
  7.5%7.6%
  0.3%0.1%
  2.1%4.2%
  14.5%9.3%
  11.3%14.0%
  0.8%2.1%
  4.5%7.0%
  6.2%4.8%
  6.0%4.7%
Health