Zip 11948 (Laurel, NY) Economy


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11948 Laurel, NY is a small town located in the Catskill Mountains. The average 2 bedroom rent in 11948 Laurel, NY is $1,860 which is significantly higher than the nationwide average of $1,430. Additionally, the grocery cost index in this area is 108 versus 100 in the US. This makes it more expensive to live here compared to other regions in the US.
There are several local companies based out of 11948 Laurel, NY including RG Home Improvements LLC and Catskill Services. RG Home Improvements LLC provides carpentry services as well as home remodeling services while Catskill Services provides electrician services and lawn care services for residential properties.

Laurel (zip 11948) has an unemployment rate of 6.1%. The US average is 6.0%.

Laurel (zip 11948) 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 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Laurel (zip 11948)
- The Sales Tax Rate for Laurel (zip 11948) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Laurel (zip 11948) 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 Laurel (zip 11948)
- The average income of a Laurel (zip 11948) resident is $57,400 a year. The US average is $37,638 a year.
- The Median household income of a Laurel (zip 11948) resident is $113,563 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLaurel, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
Family Median Income 85028
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