Zip 10977 (Spring Valley, NY) Economy


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10977 Spring Valley, NY is an affluent suburb of New York City located in Rockland County. The median 2 Bedroom rent in 10977 Spring Valley is $2,140, which is significantly higher than the US average of $1,430. The Grocery Cost Index is also comparatively high at 107 compared to the US average of 100. Located near major highways such as the Palisades Interstate Parkway and New York State Routes 59 and 45, commuting to other parts of the state or even into Manhattan is easy for residents. Major companies in the area include Montefiore Health System, PepsiCo Inc., Hain Celestial Group, Inc., and Soni Hospitality International LLC.

Spring Valley (zip 10977) has an unemployment rate of 5.1%. The US average is 6.0%.

Spring Valley (zip 10977) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.

Tax Rates for Spring Valley (zip 10977)
- The Sales Tax Rate for Spring Valley (zip 10977) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Spring Valley (zip 10977) 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 Spring Valley (zip 10977)
- The average income of a Spring Valley (zip 10977) resident is $21,762 a year. The US average is $28,555 a year.
- The Median household income of a Spring Valley (zip 10977) resident is $67,799 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpring Valley, New YorkUnited States
  5.16
  -6.4%-6.2%
  29.5%33.5%
  8.4%6.2%
  6.2%4.6%
  $23,275$37,638
  $67,799$69,021
  $71,479$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  7.9%6.8%
  4.9%10.0%
  2.5%2.5%
  11.7%11.0%
  4.6%4.8%
  0.4%0.8%
  0.8%1.9%
  1.7%4.7%
  2.5%1.9%
  4.3%7.6%
  0.0%0.1%
  5.3%4.2%
  13.0%9.3%
  22.6%14.0%
  0.5%2.1%
  7.1%7.0%
  7.6%4.8%
  2.4%4.7%
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