Zip 12020 (Ballston Spa, NY) Economy


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12020 Ballston Spa, NY is a prime location for those looking for beautiful scenery and plenty of nearby attractions. The town boasts a low average rent of $1,590 for two bedroom apartments, making it an affordable option for those on a budget. The local grocery cost index is also slightly higher than the US average at 105 versus 100 in the US. In addition to affordability, 12020 Ballston Spa, NY offers its residents access to some of the best entertainment options in the area such as the National Bottle Museum, Saratoga Race Course and other local attractions like Saratoga Speedway. Residents are also close to various businesses such as Stewart’s Shops and Hannaford Supermarket as well as top-rated schools like Ballston Spa High School. With so many things to explore and activities to enjoy nearby, 12020 Ballston Spa, NY is an ideal choice for anyone looking for an enjoyable place to call home.

Ballston Spa (zip 12020) has an unemployment rate of 5.1%. The US average is 6.0%.

Ballston Spa (zip 12020) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.

Tax Rates for Ballston Spa (zip 12020)
- The Sales Tax Rate for Ballston Spa (zip 12020) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ballston Spa (zip 12020) 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 Ballston Spa (zip 12020)
- The average income of a Ballston Spa (zip 12020) resident is $33,995 a year. The US average is $28,555 a year.
- The Median household income of a Ballston Spa (zip 12020) resident is $92,344 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBallston Spa, New YorkUnited States
  5.16
  -3.6%-6.2%
  27.6%33.5%
  4.0%6.2%
  6.2%4.6%
  $44,890$37,638
  $92,344$69,021
  $110,509$85,028
  Population by Occupation
  0.8%1.2%
  0.4%0.5%
  4.6%6.8%
  12.1%10.0%
  2.8%2.5%
  10.8%11.0%
  4.8%4.8%
  1.1%0.8%
  2.4%1.9%
  5.8%4.7%
  1.8%1.9%
  6.8%7.6%
  0.1%0.1%
  2.4%4.2%
  11.2%9.3%
  11.8%14.0%
  1.2%2.1%
  7.4%7.0%
  4.4%4.8%
  7.4%4.7%
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