Nichols, NY is a small city located in Upstate New York with a population of about 4,000 people. The cost of living in Nichols is relatively low, as 2 bedroom rent is only $1,040 compared to the national average of $1430. The Grocery Cost Index (GCI) in Nichols is 98, which is slightly below the US average of 100. This means that groceries will be slightly cheaper than other cities across the country.
Nichols has a few local businesses such as Central Café and Grill, Nichols Supermarket and Deli, and Tompkins Hardware Store. Central Café and Grill offers breakfast and lunch items at affordable prices while Nichols Supermarket and Deli has fresh produce and prepared meals for locals on-the-go. Those looking for hardware supplies can find them at Tompkins Hardware Store which also offers lawn care services in addition to its retail offerings. Overall, Nichols offers a comfortable lifestyle with affordable housing costs and grocery prices.
Nichols (zip 13812) has an unemployment rate of 6.1%. The US average is 6.0%.
Nichols (zip 13812) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.
Tax Rates for Nichols (zip 13812)
- The Sales Tax Rate for Nichols (zip 13812) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Nichols (zip 13812) 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 Nichols (zip 13812)
- The average income of a Nichols (zip 13812) resident is $22,688 a year. The US average is $28,555 a year.
- The Median household income of a Nichols (zip 13812) resident is $67,361 a year. The US average is $69,021 a year.