Zip 11416 (New York, NY) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
11416 New York, NY is an exciting and vibrant area to live in. With a two-bedroom rent of $2,390 per month it is a great value compared to the US average of $1,430 per month. The Grocery Cost Index in 11416 New York, NY is also higher than the US average at 115 versus 100. This means that the cost of groceries here can be more expensive than elsewhere. Local companies in 11416 New York, NY include Big Apple Graphics Printing Solutions and LIVunLtd, as well as many restaurants, cafes and stores. With its great variety of attractions and amenities nearby, this area offers an excellent lifestyle for those who choose to make 11416 New York, NY their home.

New York (zip 11416) has an unemployment rate of 11.2%. The US average is 6.0%.

New York (zip 11416) 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 11416)
- The Sales Tax Rate for New York (zip 11416) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for New York (zip 11416) 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 11416)
- The average income of a New York (zip 11416) resident is $21,338 a year. The US average is $28,555 a year.
- The Median household income of a New York (zip 11416) resident is $76,477 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew York, New YorkUnited States
  11.26
  -12.4%-6.2%
  30.7%33.5%
  8.9%6.2%
  10.1%4.6%
  $36,844$37,638
  $76,477$69,021
  $80,656$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  7.0%6.8%
  5.0%10.0%
  2.1%2.5%
  12.1%11.0%
  9.8%4.8%
  0.5%0.8%
  1.7%1.9%
  4.2%4.7%
  3.4%1.9%
  6.5%7.6%
  0.0%0.1%
  6.6%4.2%
  6.3%9.3%
  16.7%14.0%
  2.2%2.1%
  8.8%7.0%
  5.3%4.8%
  1.9%4.7%
Health