The small city of 12769 Phillipsport, NY is a great place to set up a home base for those looking for a low cost of living. With 2 bedroom rents in the area just over $1,150 per month, it's much cheaper than the national average of $1,430 per month. The local grocery cost index is also quite favorable compared to that of the US at 98 versus 100 respectively.
12769 Phillipsport, NY is home to many local businesses such as the popular Monticello Motor Club racing track and campground and Thoelen’s Island Dairy Farm, offering some of the best locally sourced dairy products around. The local economy boasts several small businesses with plenty to offer visitors and residents alike. Additionally, two large employers in the county are Catskill Regional Medical Center and Cornell Cooperative Extension Sullivan County—both providing much-needed stability to the community.
Overall, with its low rent prices and reasonable cost of living expenses, 12769 Phillipsport, NY is an ideal place for those looking for affordable housing within reach of larger metropolitan areas like New York City or Albany.
Phillipsport (zip 12769) has an unemployment rate of 6.7%. The US average is 6.0%.
Phillipsport (zip 12769) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Phillipsport (zip 12769)
- The Sales Tax Rate for Phillipsport (zip 12769) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Phillipsport (zip 12769) 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 Phillipsport (zip 12769)
- The average income of a Phillipsport (zip 12769) resident is $45,298 a year. The US average is $37,638 a year.
- The Median household income of a Phillipsport (zip 12769) resident is $0 a year. The US average is $69,021 a year.