Economy in Zip 13350 (Herkimer, NY)

13350 Herkimer, NY is an affordable place to live with a 2 bedroom rent of $1,000 compared to the US average of $1,430. The grocery cost index in 13350 Herkimer is 96 index points lower than the US average. The area features many local businesses such as Adirondack Family Store for everyday needs and Dee’s Pizza & Sub Shop for a quick bite. Amenities like Herkimer County Community College and the Adirondack Scenic Railroad provide educational and recreational opportunities for residents and visitors alike. Nearby attractions include Eagle Bay Marina, McCauley Mountain Ski Center, and the Old Forge Hardware Museum.

Herkimer (zip 13350) has an unemployment rate of 8.3%. The US average is 6.0%.

Herkimer (zip 13350) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.

Tax Rates for Herkimer (zip 13350)
- The Sales Tax Rate for Herkimer (zip 13350) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Herkimer (zip 13350) 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 Herkimer (zip 13350)
- The average income of a Herkimer (zip 13350) resident is $22,164 a year. The US average is $28,555 a year.
- The Median household income of a Herkimer (zip 13350) resident is $54,792 a year. The US average is $69,021 a year.