Zip 11005 (New York, NY) Economy


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11005 New York, NY is an affluent neighborhood located in the outer boroughs of New York City. It is home to many families and young professionals and offers access to all the amenities of metropolitan life. 2-bedroom rental prices in this area are about $3,600 per month which is more than double the average rent for a similar residence in the United States. Additionally, the grocery cost index in 11005 New York, NY is around 117 versus 100 in the US on average.
Living in 11005 New York, NY means having access to top notch restaurants, museums and parks, as well as several local businesses like High Quality Grocery Store offering fresh produce and specialty items or The Cafe House & Bar providing delicious meals and craft cocktails. Residents also have easy access to public transportation that can take them into Manhattan or other parts of Brooklyn within minutes.

New York (zip 11005) has an unemployment rate of 11.2%. The US average is 6.0%.

New York (zip 11005) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.

Tax Rates for New York (zip 11005)
- The Sales Tax Rate for New York (zip 11005) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for New York (zip 11005) is 10.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for New York (zip 11005)
- The average income of a New York (zip 11005) resident is $70,320 a year. The US average is $28,555 a year.
- The Median household income of a New York (zip 11005) resident is $60,800 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew York, New YorkUnited States
  11.26
  -12.4%-6.2%
  30.7%33.5%
  8.9%6.2%
  10.1%4.6%
  $190,168$37,638
  $60,800$69,021
  $136,250$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  0.0%10.0%
  3.8%2.5%
  2.0%11.0%
  5.5%4.8%
  3.8%0.8%
  0.0%1.9%
  35.5%4.7%
  6.5%1.9%
  2.0%7.6%
  0.0%0.1%
  0.0%4.2%
  13.3%9.3%
  14.7%14.0%
  7.5%2.1%
  0.0%7.0%
  0.0%4.8%
  5.5%4.7%
Health