11962 Sagaponack, NY is situated in the heart of the Hamptons. Known for its pristine beaches and stunning views, this small town is an idyllic destination for locals and tourists alike. The median 2 bedroom rent in this area is $2,080, compared to the US median of $1,430. Additionally, grocery cost index here is 127 versus 100 in the US. Local businesses in 11962 Sagaponack NY include the Sag Harbor Farmers Market which offers a variety of fresh produce and products from local farmers as well as The Lobster Roll Restaurant which has been serving up classic New England seafood dishes since 1972. There are also several art galleries, specialty boutiques and even an old-fashioned general store that all serve to make this area a unique place to visit.
Sagaponack (zip 11962) has an unemployment rate of 6.1%. The US average is 6.0%.
Sagaponack (zip 11962) 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 Sagaponack (zip 11962)
- The Sales Tax Rate for Sagaponack (zip 11962) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Sagaponack (zip 11962) 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 Sagaponack (zip 11962)
- The average income of a Sagaponack (zip 11962) resident is $149,689 a year. The US average is $37,638 a year.
- The Median household income of a Sagaponack (zip 11962) resident is $113,125 a year. The US average is $69,021 a year.