Zip 10922 (Fort Montgomery, NY) Economy


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10922 Fort Montgomery, NY is a great place to live for those who are looking for an affordable rent and grocery cost. It is located in Orange County, NY and has a population of 2,948 people according to the most recent census in 2020. Rent for two bedroom apartments is just $2,350 which is much lower than the nation-wide average of $1,430. Additionally, the local grocery cost index in this area is 104 compared with the national average of 100. This means that groceries are slightly more expensive here but still relatively affordable. As far as local companies and services go, there are plenty within this area including KJL Web Solutions which provides web design and development services, Montesano's Restaurant serving Italian cuisine with indoor and outdoor seating options, Buds Market offering groceries at competitive prices, and Town of Highlands Highway Department providing road maintenance services throughout the region.

Fort Montgomery (zip 10922) has an unemployment rate of 6.1%. The US average is 6.0%.

Fort Montgomery (zip 10922) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.

Tax Rates for Fort Montgomery (zip 10922)
- The Sales Tax Rate for Fort Montgomery (zip 10922) is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Fort Montgomery (zip 10922) 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 Fort Montgomery (zip 10922)
- The average income of a Fort Montgomery (zip 10922) resident is $48,716 a year. The US average is $37,638 a year.
- The Median household income of a Fort Montgomery (zip 10922) resident is $88,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFort Montgomery, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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