Zip 14550 (Silver Springs, NY) Economy


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United States / New York / No Metro Area / Wyoming County / No City / Silver Springs (zip 14550)
14550 Silver Springs, NY is a small community that offers its residents many benefits. It is located close to New York City, with easy access to the city’s cultural attractions, shopping districts and excellent restaurants. The average two-bedroom rent cost for this area is $800 per month, which is much lower than the US average of $1430. Additionally, groceries are much more affordable in this area compared to the US average due to a grocery cost index of 96 versus 100 in the US. Residents of 14550 Silver Springs have plenty of options when it comes to local businesses and services. Local companies include Eddie's Place Automotive, Better Hearing Centers and The Hair Gallery Salon & Spa; while amenities like the Silver Springs Park provide outdoor recreation opportunities for all ages. With its pleasant climate, affordability and convenient location, 14550 Silver Springs is an ideal place to live for many people in New York State.

Silver Springs (zip 14550) has an unemployment rate of 6.7%. The US average is 6.0%.

Silver Springs (zip 14550) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.

Tax Rates for Silver Springs (zip 14550)
- The Sales Tax Rate for Silver Springs (zip 14550) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Silver Springs (zip 14550) 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 Silver Springs (zip 14550)
- The average income of a Silver Springs (zip 14550) resident is $35,387 a year. The US average is $28,555 a year.
- The Median household income of a Silver Springs (zip 14550) resident is $54,107 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySilver Springs, New YorkUnited States
  6.76
  -4.8%-6.2%
  20.6%33.5%
  8.0%6.2%
  6.2%4.6%
  $26,429$37,638
  $54,107$69,021
  $69,750$85,028
  Population by Occupation
  5.2%1.2%
  4.4%0.5%
  10.7%6.8%
  9.3%10.0%
  2.3%2.5%
  6.2%11.0%
  1.6%4.8%
  0.4%0.8%
  6.0%1.9%
  0.9%4.7%
  0.9%1.9%
  1.3%7.6%
  0.0%0.1%
  3.6%4.2%
  13.9%9.3%
  20.9%14.0%
  2.0%2.1%
  3.6%7.0%
  3.0%4.8%
  3.6%4.7%
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