Zip 12182 (Troy, NY) Economy


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12182 Troy, NY is a small city known for its historical architecture and diverse culture. Rent for two bedroom apartments in this area is $1,080 on average compared to the US national average of $1,430. The cost of groceries in 12182 Troy, NY is also comparable to the US index with both at 100. This makes 12182 Troy, NY an affordable place to live. Several large companies are based in 12182 Troy, NY including Welch's Bakery & Café, Empire State Milk Producers Cooperative Inc., Averill Park Discount Beverage Center, and Buhrmaster Energy Corporation. These businesses provide employment opportunities and contribute to the economic development of the city.

Troy (zip 12182) has an unemployment rate of 7.2%. The US average is 6.0%.

Troy (zip 12182) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.

Tax Rates for Troy (zip 12182)
- The Sales Tax Rate for Troy (zip 12182) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Troy (zip 12182) 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 Troy (zip 12182)
- The average income of a Troy (zip 12182) resident is $23,748 a year. The US average is $28,555 a year.
- The Median household income of a Troy (zip 12182) resident is $53,972 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTroy, New YorkUnited States
  7.26
  -3.6%-6.2%
  24.0%33.5%
  8.0%6.2%
  6.2%4.6%
  $35,657$37,638
  $53,972$69,021
  $77,673$85,028
  Population by Occupation
  1.1%1.2%
  0.0%0.5%
  5.1%6.8%
  4.5%10.0%
  1.0%2.5%
  10.6%11.0%
  4.4%4.8%
  0.8%0.8%
  1.2%1.9%
  6.6%4.7%
  1.1%1.9%
  10.3%7.6%
  0.0%0.1%
  7.5%4.2%
  8.0%9.3%
  14.5%14.0%
  1.8%2.1%
  7.8%7.0%
  4.9%4.8%
  8.6%4.7%
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