Zip 12857 (Olmstedville, NY) Economy


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United States / New York / No Metro Area / Essex County / No City / Olmstedville (zip 12857)
12857 Olmstedville, NY is a small town located in the Adirondacks. It has a population of only 479 people, making it a great place for those seeking solitude and serenity. The cost of living in Olmstedville is quite affordable; two bedroom rent comes in at $1,060 compared to the US average of $1,430. Additionally, grocery costs are slightly lower than the national average with an index score of 105 versus 100 in the US.
Local companies in 12857 Olmstedville, NY include Olmstedville Country Store and Michael’s Plumbing & Heating Inc. These companies offer essential services to residents as well as visitors who come to enjoy all that the Adirondacks have to offer. With its low cost of living and ample local businesses, 12857 Olmstedville, NY is an excellent option for those looking for affordability and convenience.

Olmstedville (zip 12857) has an unemployment rate of 6.8%. The US average is 6.0%.

Olmstedville (zip 12857) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.

Tax Rates for Olmstedville (zip 12857)
- The Sales Tax Rate for Olmstedville (zip 12857) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Olmstedville (zip 12857) 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 Olmstedville (zip 12857)
- The average income of a Olmstedville (zip 12857) resident is $23,703 a year. The US average is $28,555 a year.
- The Median household income of a Olmstedville (zip 12857) resident is $65,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOlmstedville, New YorkUnited States
  6.86
  -6.2%-6.2%
  23.8%33.5%
  8.0%6.2%
  6.2%4.6%
  $30,612$37,638
  $65,000$69,021
  $68,889$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  14.0%6.8%
  7.9%10.0%
  0.0%2.5%
  0.8%11.0%
  2.3%4.8%
  0.8%0.8%
  2.6%1.9%
  4.2%4.7%
  0.0%1.9%
  2.3%7.6%
  0.0%0.1%
  2.3%4.2%
  10.9%9.3%
  8.7%14.0%
  3.4%2.1%
  12.1%7.0%
  21.1%4.8%
  6.8%4.7%
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