Zip 11787 (Smithtown, NY) Economy


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11787 Smithtown, NY is an attractive destination due to its high 2 bedroom rent at $2,420 compared to the US average of $1,430. The Grocery Cost Index is also higher than the US average at 107. Located in Suffolk County not far from Long Island's north shore beaches and vineyards, 11787 Smithtown has plenty for residents to explore. Popular local companies include CVD Equipment Corp., New York Life Insurance Co., Smithtown Toyota, and Molloy Collge. Additionally, 11787 Smithtown is home to several shopping centers and farmers markets that provide delicious fresh fruits and vegetables. With so much to do and see in 11787 Smithtown there's no wonder why it's one of the most popular places to live on Long Island.

Smithtown (zip 11787) has an unemployment rate of 6.1%. The US average is 6.0%.

Smithtown (zip 11787) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Smithtown (zip 11787)
- The Sales Tax Rate for Smithtown (zip 11787) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Smithtown (zip 11787) 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 Smithtown (zip 11787)
- The average income of a Smithtown (zip 11787) resident is $44,094 a year. The US average is $28,555 a year.
- The Median household income of a Smithtown (zip 11787) resident is $136,182 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySmithtown, New YorkUnited States
  6.16
  -6.6%-6.2%
  26.8%33.5%
  8.6%6.2%
  6.2%4.6%
  $59,898$37,638
  $136,182$69,021
  $158,884$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  6.5%6.8%
  5.6%10.0%
  3.0%2.5%
  11.7%11.0%
  2.2%4.8%
  0.8%0.8%
  3.1%1.9%
  6.8%4.7%
  1.8%1.9%
  9.5%7.6%
  0.0%0.1%
  3.2%4.2%
  16.2%9.3%
  16.3%14.0%
  1.3%2.1%
  2.9%7.0%
  2.9%4.8%
  5.9%4.7%
Health