10016 Murray Hill-Kips Bay, NY is a great place to live; it has all the amenities of a big city without feeling overcrowded. The average 2 bedroom rent in this area is $3,770, which is significantly higher than the US average of $1,430. This area also has a Grocery Cost Index of 120 versus 100 in the US, meaning groceries are more expensive here. Living in this area gives you access to plenty of local businesses such as Gristedes Supermarket for grocery shopping, Kipp's Bay Wine & Spirits for all your alcoholic beverages needs as well as many popular restaurants like Planet Sushi and Uncle Jack's Steakhouse. Despite the high rent prices this area has one of the highest populations in New York City with an estimated 27,000 people living there.
Murray Hill - Kips Bay (zip 10016) has an unemployment rate of 11.2%. The US average is 6.0%.
Murray Hill - Kips Bay (zip 10016) 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 Murray Hill - Kips Bay (zip 10016)
- The Sales Tax Rate for Murray Hill - Kips Bay (zip 10016) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Murray Hill - Kips Bay (zip 10016) 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 Murray Hill - Kips Bay (zip 10016)
- The average income of a Murray Hill - Kips Bay (zip 10016) resident is $87,576 a year. The US average is $28,555 a year.
- The Median household income of a Murray Hill - Kips Bay (zip 10016) resident is $136,431 a year. The US average is $69,021 a year.