Zip 13652 (Hermon, NY) Economy


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Hermon, NY is a beautiful town in the heart of upstate New York. It is an ideal home for people looking for a quiet and peaceful setting with access to all of the amenities that can be found in larger cities. The average two bedroom rent in Hermon is $910 which is much lower than the US average of $1,430 making it an attractive option for those looking for affordable housing options. Additionally, Hermon's Grocery Cost Index of 95 makes it much more cost-friendly than other areas.
Located within Hermon are numerous local companies which help to create a vibrant economy such as Hermon Heating & Cooling Inc., Upstate Motorsports, and Keeney's Construction LLC. Each provides quality services to people living and working in the area.
In conclusion, 13652 Hermon offers much to those who live there; from the affordability of housing costs to the availability of local businesses, this small town has everything needed for its residents to live comfortably while still having access to all that New York state has to offer.

Hermon (zip 13652) has an unemployment rate of 6.7%. The US average is 6.0%.

Hermon (zip 13652) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.

Tax Rates for Hermon (zip 13652)
- The Sales Tax Rate for Hermon (zip 13652) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Hermon (zip 13652) 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 Hermon (zip 13652)
- The average income of a Hermon (zip 13652) resident is $20,648 a year. The US average is $28,555 a year.
- The Median household income of a Hermon (zip 13652) resident is $57,936 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHermon, New YorkUnited States
  6.76
  -3.2%-6.2%
  20.9%33.5%
  8.0%6.2%
  6.2%4.6%
  $24,451$37,638
  $57,936$69,021
  $67,045$85,028
  Population by Occupation
  6.1%1.2%
  0.4%0.5%
  7.8%6.8%
  1.4%10.0%
  4.1%2.5%
  21.2%11.0%
  1.7%4.8%
  0.3%0.8%
  0.6%1.9%
  1.9%4.7%
  0.4%1.9%
  2.0%7.6%
  0.0%0.1%
  3.6%4.2%
  21.0%9.3%
  15.2%14.0%
  1.6%2.1%
  1.0%7.0%
  2.2%4.8%
  7.4%4.7%
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