12175 Summit, NY is a small town located in the Adirondacks region of New York. The median 2 bedroom rent is $1,430, which is comparable to the U.S. average of $1,430. Additionally, the Grocery Cost Index in 12175 Summit is 99 compared to 100 in the U.S., making it slightly cheaper than other places to shop for food.
The town of 12175 Summit has some unique local companies such as Loon Lake Marina and Campground which offers recreational activities like fishing and boating on a serene lake for those looking for an outdoor adventure. Additionally, there is K&M Automotive Repair that provides automotive services from diagnostics to repair and maintenance. Lastly, there is Edinburg Country Store which sells home goods and antiques with something unique for everyone’s taste.
Summit (zip 12175) has an unemployment rate of 6.5%. The US average is 6.0%.
Summit (zip 12175) has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Summit (zip 12175)
- The Sales Tax Rate for Summit (zip 12175) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Summit (zip 12175) 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 Summit (zip 12175)
- The average income of a Summit (zip 12175) resident is $34,928 a year. The US average is $37,638 a year.
- The Median household income of a Summit (zip 12175) resident is $77,837 a year. The US average is $69,021 a year.