Zip 12970 (Paul Smiths, NY) Economy


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United States / New York / Malone Metro Area / Franklin County / No City / Paul Smiths (zip 12970)
12970 Paul Smiths, NY is a great small town located near the Saint Regis Canoe Area and Santa Clara Wildlife Management Area. It boasts a range of local businesses, such as Nature's Storehouse grocery store, Paul Smiths Diner, and Adirondack Outfitters for outdoor recreation clothing and gear. With a 2-bedroom rental price of $820 per month plus the cost of living index being 106 compared to the United States 100, Paul Smiths offers an affordable lifestyle with many amenities available nearby. From local ski resorts to year-round fishing spots on Nichol Lake and Osgood Pond, this area has something for everyone.

Paul Smiths (zip 12970) has an unemployment rate of 6.5%. The US average is 6.0%.

Paul Smiths (zip 12970) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.

Tax Rates for Paul Smiths (zip 12970)
- The Sales Tax Rate for Paul Smiths (zip 12970) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Paul Smiths (zip 12970) 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 Paul Smiths (zip 12970)
- The average income of a Paul Smiths (zip 12970) resident is $11,401 a year. The US average is $28,555 a year.
- The Median household income of a Paul Smiths (zip 12970) resident is $78,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPaul Smiths, New YorkUnited States
  6.56
  -4.8%-6.2%
  23.1%33.5%
  8.0%6.2%
  6.2%4.6%
  $20,252$37,638
  $78,750$69,021
  $82,500$85,028
  Population by Occupation
  6.6%1.2%
  0.0%0.5%
  7.1%6.8%
  0.0%10.0%
  0.0%2.5%
  15.7%11.0%
  0.0%4.8%
  0.0%0.8%
  1.1%1.9%
  0.6%4.7%
  4.3%1.9%
  7.4%7.6%
  0.0%0.1%
  7.1%4.2%
  32.6%9.3%
  2.3%14.0%
  1.4%2.1%
  7.7%7.0%
  2.0%4.8%
  4.0%4.7%
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