Zip 11422 (New York, NY) Economy


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11422 New York, NY is a popular residential neighborhood located in Northern Queens. It is home to many well-known companies, including Amazon, Apple Inc., and Boeing. The rent for a two bedroom apartment in the area is around $2,790 per month which is significantly higher than the US average of $1,430. In addition to high rent prices, the grocery cost index in 11422 New York, NY is 115 versus 100 in the US. This means that groceries are more expensive here than other parts of the country on average. With so many big companies based in 11422 New York, NY, residents can take advantage of good job opportunities with competitive wages. For example, an experienced software engineer can make up to $155k per year at Amazon or a product manager salary can reach up to $194k annually at Apple Inc.. Boeing offers salaries between $60k-$90k depending on skill level for positions such as aerospace engineers or software engineers.

New York (zip 11422) has an unemployment rate of 11.2%. The US average is 6.0%.

New York (zip 11422) 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 30.7%, which is lower than the US average of 33.5%.

Tax Rates for New York (zip 11422)
- The Sales Tax Rate for New York (zip 11422) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for New York (zip 11422) is 10.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for New York (zip 11422)
- The average income of a New York (zip 11422) resident is $29,035 a year. The US average is $28,555 a year.
- The Median household income of a New York (zip 11422) resident is $95,945 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew York, New YorkUnited States
  11.26
  -12.4%-6.2%
  30.7%33.5%
  8.9%6.2%
  10.1%4.6%
  $35,738$37,638
  $95,945$69,021
  $99,285$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.3%6.8%
  1.5%10.0%
  0.7%2.5%
  9.6%11.0%
  11.0%4.8%
  0.7%0.8%
  1.5%1.9%
  4.0%4.7%
  1.3%1.9%
  4.5%7.6%
  0.0%0.1%
  2.8%4.2%
  8.9%9.3%
  30.5%14.0%
  1.7%2.1%
  5.3%7.0%
  3.6%4.8%
  9.0%4.7%
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