11218 New York, NY is an up and coming neighborhood filled with many local businesses, art galleries and restaurants. The two bedroom rent for the area is a whopping $2,690, which is more than double the US average of $1,430. The grocery cost index in 11218 New York, NY is 121 compared to 100 in the US, making it slightly more expensive to buy groceries in this area. There are many companies located in this neighborhood such as BAM Cinema & Café, Brooklyn Flea Market and BabyCakes NYC. In addition to these popular businesses, there are plenty of other smaller establishments that contribute to the booming economy of this area.
New York (zip 11218) has an unemployment rate of 11.2%. The US average is 6.0%.
New York (zip 11218) 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 New York (zip 11218)
- The Sales Tax Rate for New York (zip 11218) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for New York (zip 11218) 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 New York (zip 11218)
- The average income of a New York (zip 11218) resident is $24,828 a year. The US average is $28,555 a year.
- The Median household income of a New York (zip 11218) resident is $81,857 a year. The US average is $69,021 a year.