Worcester, NY (12197) is a small city located in Otsego County with an estimated population of 1,843. Rent for a two bedroom apartment in the area is $990 which is slightly below the national average of $1,430. When it comes to groceries, Worcester has an index of 98 meaning that goods are cheaper than most places in the US which have an index of 100. Businesses in Worcester range from manufacturing companies like Morsco (Otsego Plastics) to service-based companies such as Werther Landscaping and Design and Blenheim Hill Farm CSA. With its low cost of living and abundance of local businesses, Worcester provides people with many economical advantages.
Worcester (zip 12197) has an unemployment rate of 6.3%. The US average is 6.0%.
Worcester (zip 12197) has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Worcester (zip 12197)
- The Sales Tax Rate for Worcester (zip 12197) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Worcester (zip 12197) 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 Worcester (zip 12197)
- The average income of a Worcester (zip 12197) resident is $32,760 a year. The US average is $37,638 a year.
- The Median household income of a Worcester (zip 12197) resident is $77,250 a year. The US average is $69,021 a year.