Midtown East is a vibrant neighborhood in the heart of New York City. Home to luxurious high-rises, art galleries, world-class restaurants, bars, and shopping areas, it is an ideal place for those seeking an exciting and unique lifestyle. It is also an ideal area for families or young professionals due to the affordable 2 bedroom rent being $3,600 compared to the US average of $1,430. The cost of groceries here is higher than other parts of the city with a Grocery Cost Index of 120 versus 100 in the US.
Local businesses that will appeal to all kinds of visitors include MoMA (Museum of Modern Art), Fifth Avenue Shopping District, and The Chrysler Building. There are numerous excellent restaurants such as Gotham Bar & Grill and Bocca di Bacco. For groceries there are stores like Whole Foods Market or Alleva Dairy which sell Italian delicacies from over 25 countries. Other attractions include Bryant Park with lush grounds full of gardens and cafes where you can relax after a long day exploring Midtown East!
Midtown East (zip 10017) has an unemployment rate of 11.2%. The US average is 6.0%.
Midtown East (zip 10017) 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 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Midtown East (zip 10017)
- The Sales Tax Rate for Midtown East (zip 10017) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Midtown East (zip 10017) is 10.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Midtown East (zip 10017)
- The average income of a Midtown East (zip 10017) resident is $104,324 a year. The US average is $28,555 a year.
- The Median household income of a Midtown East (zip 10017) resident is $136,112 a year. The US average is $69,021 a year.