Zip 10550 (Mount Vernon, NY) Economy


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10550 Mount Vernon, NY is a great place to live with plenty of job opportunities and an affordable cost of living. The 2-Bedroom rent in the area is $2,120 which is below the US average of $1,430. Additionally, the Grocery Cost Index in Mount Vernon is 105 versus 100 in the US which means that groceries here are relatively cheaper than elsewhere. Residents have access to many local companies including East Coast Transport Solutions Inc., A&P Liquors Inc., and Deep Fried Pies LLC. There are also many employment opportunities available for those seeking work at businesses such as ShopRite Supermarkets Inc., Realty USA Group, and YMCA of Southern Westchester. All these factors combine to make 10550 Mount Vernon a great place to live.

Mount Vernon (zip 10550) has an unemployment rate of 9.4%. The US average is 6.0%.

Mount Vernon (zip 10550) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.

Tax Rates for Mount Vernon (zip 10550)
- The Sales Tax Rate for Mount Vernon (zip 10550) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon (zip 10550) 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 Mount Vernon (zip 10550)
- The average income of a Mount Vernon (zip 10550) resident is $20,408 a year. The US average is $28,555 a year.
- The Median household income of a Mount Vernon (zip 10550) resident is $48,472 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMount Vernon, New YorkUnited States
  9.46
  -6.3%-6.2%
  24.0%33.5%
  8.4%6.2%
  6.2%4.6%
  $28,523$37,638
  $48,472$69,021
  $75,800$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  7.3%6.8%
  3.5%10.0%
  3.2%2.5%
  9.2%11.0%
  8.2%4.8%
  0.4%0.8%
  1.3%1.9%
  4.3%4.7%
  1.2%1.9%
  2.7%7.6%
  0.4%0.1%
  5.6%4.2%
  9.3%9.3%
  27.5%14.0%
  2.1%2.1%
  5.9%7.0%
  4.5%4.8%
  3.3%4.7%
Health