Panama, NY 14767 is a small village located in south-western New York. This picturesque village has lots of charm with its friendly atmosphere and rural landscapes. It also offers an affordable cost of living compared to the national average. The median rent for a two-bedroom apartment in Panama, NY is $800 per month, lower than the US average of $1,430 per month. There are also plenty of local businesses to enjoy such as Brady's Bakery, Acropolis Pizza & Subs, Wright's Hardware Store and others providing goods and services to the locals. Panama is an ideal place for those looking for an affordable yet comfortable home with access to basic amenities.
Panama (zip 14767) has an unemployment rate of 7.4%. The US average is 6.0%.
Panama (zip 14767) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.
Tax Rates for Panama (zip 14767)
- The Sales Tax Rate for Panama (zip 14767) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Panama (zip 14767) 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 Panama (zip 14767)
- The average income of a Panama (zip 14767) resident is $26,819 a year. The US average is $37,638 a year.
- The Median household income of a Panama (zip 14767) resident is $60,556 a year. The US average is $69,021 a year.