Zip 12516 (Copake, NY) Economy


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United States / New York / Hudson Metro Area / Columbia County / No City / Copake (zip 12516)
12516 Copake, NY is a small town nestled in the Berkshire hills of Columbia county. The cost of living in this area is relatively low with 2 bedroom rents averaging $1,080 compared to the US average of $1,430. Grocery costs are also lower than the national index at 104 versus 100 in the US. There are a variety of businesses that serve the local community such as Keystone Opticians, Gulftown Taxi Service, and Blue Stone Antiques. Residents also have access to several recreational areas such as Copake Lake County Park and North-South Lake Campground.

Copake (zip 12516) has an unemployment rate of 5.3%. The US average is 6.0%.

Copake (zip 12516) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.

Tax Rates for Copake (zip 12516)
- The Sales Tax Rate for Copake (zip 12516) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Copake (zip 12516) 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 Copake (zip 12516)
- The average income of a Copake (zip 12516) resident is $32,959 a year. The US average is $28,555 a year.
- The Median household income of a Copake (zip 12516) resident is $116,290 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCopake, New YorkUnited States
  5.36
  -5.5%-6.2%
  26.3%33.5%
  8.0%6.2%
  6.2%4.6%
  $63,415$37,638
  $116,290$69,021
  $141,739$85,028
  Population by Occupation
  3.5%1.2%
  0.0%0.5%
  9.8%6.8%
  30.1%10.0%
  0.0%2.5%
  4.5%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  3.4%4.7%
  0.0%1.9%
  6.6%7.6%
  1.0%0.1%
  8.3%4.2%
  9.4%9.3%
  4.7%14.0%
  0.8%2.1%
  5.2%7.0%
  8.6%4.8%
  4.1%4.7%
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