The Financial District of 10005 in New York City is a bustling hub of commerce and culture. With its close proximity to Wall Street, the area is home to large investment banks, corporate headquarters, top law firms, and financial services providers such as Goldman Sachs, Deloitte & Touche LLP, JPMorgan Chase & Co., Citigroup, and Morgan Stanley. Additionally, many tech start-ups have also set up shop in this part of town due to its vibrant atmosphere. The average rent for a two bedroom apartment in 10005 is $3,610 per month which is significantly higher than the national average of $1,430 per month. Moreover, the cost of groceries in 10005 has an index score of 121 compared to a national average index score of 100. This makes it one of the most expensive places to live in America but well worth the cost due to its central location and excellent career opportunities.
Financial District (zip 10005) has an unemployment rate of 11.2%. The US average is 6.0%.
Financial District (zip 10005) has seen the job market decrease by -12.4% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Financial District (zip 10005)
- The Sales Tax Rate for Financial District (zip 10005) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Financial District (zip 10005) is 10.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Financial District (zip 10005)
- The average income of a Financial District (zip 10005) resident is $128,970 a year. The US average is $37,638 a year.
- The Median household income of a Financial District (zip 10005) resident is $197,188 a year. The US average is $69,021 a year.