Zip 11516 (Cedarhurst, NY) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
11516 Cedarhurst, NY is an idyllic neighborhood located in the heart of Long Island. This quiet residential area offers a variety of 2 bedroom rental options for those looking to plant roots in the area. On average, rent for a two-bedroom apartment costs $2,300 which is significantly higher than the US average of $1,430. Additionally, the grocery cost index in Cedarhurst is 112 compared to 100 in the US.
The 11516 Cedarhurst neighborhood boasts a number of local businesses such as The Cozy Cottage Café and Family Market, K & S Bagel Café, Oceanside Pizzeria & Restaurant, and many more. Residents living here have access to seven public schools within the Lawrence Public Schools district including Lawrence High School, Lawrence Middle School and Winthrop Avenue Elementary School. Additionally there are amenities nearby such as Cedar Creek Park where residents can enjoy nature trails or participate in summer concerts at Eisenhower Park.

Cedarhurst (zip 11516) has an unemployment rate of 6.2%. The US average is 6.0%.

Cedarhurst (zip 11516) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.

Tax Rates for Cedarhurst (zip 11516)
- The Sales Tax Rate for Cedarhurst (zip 11516) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Cedarhurst (zip 11516) 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 Cedarhurst (zip 11516)
- The average income of a Cedarhurst (zip 11516) resident is $36,487 a year. The US average is $28,555 a year.
- The Median household income of a Cedarhurst (zip 11516) resident is $94,639 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCedarhurst, New YorkUnited States
  6.26
  -6.6%-6.2%
  27.9%33.5%
  8.6%6.2%
  6.2%4.6%
  $47,675$37,638
  $94,639$69,021
  $124,102$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.6%6.8%
  4.1%10.0%
  2.5%2.5%
  7.0%11.0%
  2.5%4.8%
  0.0%0.8%
  2.6%1.9%
  3.5%4.7%
  5.3%1.9%
  13.2%7.6%
  0.0%0.1%
  4.7%4.2%
  12.1%9.3%
  18.5%14.0%
  0.7%2.1%
  5.3%7.0%
  5.5%4.8%
  8.8%4.7%
Health