Zip 11566 (Merrick, NY) Economy


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11566 Merrick, NY is an ideal place to live with a variety of local companies and amenities. The average 2-bedroom rent in 11566 Merrick, NY is $2,700 which is significantly higher than the US average of $1,430. Shopping for groceries is also more expensive here with a Grocery Cost Index of 108 compared to the US index of 100. There are many local businesses in the area such as Merrick Florists Inc., Merrick Beverage Center and Twin Motors Auto Group. These companies offer excellent services and goods that make living in 11566 Merrick, NY even more enjoyable.

Merrick (zip 11566) has an unemployment rate of 6.2%. The US average is 6.0%.

Merrick (zip 11566) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.

Tax Rates for Merrick (zip 11566)
- The Sales Tax Rate for Merrick (zip 11566) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Merrick (zip 11566) 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 Merrick (zip 11566)
- The average income of a Merrick (zip 11566) resident is $50,000 a year. The US average is $28,555 a year.
- The Median household income of a Merrick (zip 11566) resident is $156,929 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMerrick, New YorkUnited States
  6.26
  -6.6%-6.2%
  27.9%33.5%
  8.6%6.2%
  6.2%4.6%
  $62,065$37,638
  $156,929$69,021
  $171,446$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  4.6%6.8%
  3.5%10.0%
  3.1%2.5%
  9.5%11.0%
  3.5%4.8%
  1.1%0.8%
  2.7%1.9%
  8.9%4.7%
  2.3%1.9%
  12.5%7.6%
  0.1%0.1%
  2.5%4.2%
  17.8%9.3%
  14.1%14.0%
  2.4%2.1%
  3.3%7.0%
  1.6%4.8%
  6.3%4.7%
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