Fallsburg, NY, located in Sullivan County is a small town with a population of 12733. The two bedroom rent in this area is more affordable than the national average at $1,010 compared to the US 2 Bedroom Rent, which is $1,430. Furthermore, the Grocery Cost Index in Fallsburg is 98 versus 100 in the US. This indicates that groceries are cheaper in Fallsburg than they are nationally.
The local economy of Fallsburg consists of various businesses such as Lost Hope Farm LLC., Paramount Garage Doors Inc., and All American Septic Service LLC. These business offer services that benefit the citizens of Fallsburg and provide employment opportunities for those living within the city. Economic indicators such as two bedroom rent and grocery cost index serve as evidence of an area's affordability and potential investment opportunities. In comparison to other cities across the US, Fallsburg offers competitive costs while having a safe environment for inhabitants to live and work.
Fallsburg (zip 12733) has an unemployment rate of 6.7%. The US average is 6.0%.
Fallsburg (zip 12733) has seen the job market increase by 6.0% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Fallsburg (zip 12733)
- The Sales Tax Rate for Fallsburg (zip 12733) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Fallsburg (zip 12733) 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 Fallsburg (zip 12733)
- The average income of a Fallsburg (zip 12733) resident is $6,789 a year. The US average is $28,555 a year.
- The Median household income of a Fallsburg (zip 12733) resident is $30,231 a year. The US average is $69,021 a year.