Zip 12032 (Caroga Lake, NY) Economy


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United States / New York / Gloversville Metro Area / Fulton County / No City / Caroga Lake (zip 12032)
Caroga Lake, NY is a great place to live with its many local businesses and amenities. The 2 bedroom rent in Caroga Lake, NY is $950 per month, which is lower than the national average of $1,430 per month. Additionally, the Grocery Cost Index (GCI) in Caroga Lake is 99 compared to 100 in the US. With this information, living in Caroga Lake can be very affordable for individuals and families. There are many local businesses found in and around the town of Caroga Lake such as C & M Lumber Company, Adirondack Auto Supply Inc., Caroga Lake Veterinary Hospital, and Longview Inn. These companies provide goods and services that are essential to the community while providing employment opportunities for residents of Caroga Lake.

Caroga Lake (zip 12032) has an unemployment rate of 7.6%. The US average is 6.0%.

Caroga Lake (zip 12032) has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.

Tax Rates for Caroga Lake (zip 12032)
- The Sales Tax Rate for Caroga Lake (zip 12032) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Caroga Lake (zip 12032) 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 Caroga Lake (zip 12032)
- The average income of a Caroga Lake (zip 12032) resident is $32,290 a year. The US average is $37,638 a year.
- The Median household income of a Caroga Lake (zip 12032) resident is $61,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCaroga Lake, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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