Gilboa, NY is an idyllic small town located in the Catskill Mountains just outside of Albany. The cost of living is very affordable with average two bedroom rent being $1,110 compared to the national average of $1,430. Groceries are also relatively inexpensive with a cost index of 99 versus 100 nationally. This makes Gilboa an attractive option for people looking for more affordable housing options. It is a great place for families due to its close proximity to Albany and the many outdoor activities that it offers such as hiking, camping, fishing, and skiing.
There are also many local companies which help contribute to the economy of Gilboa. These include the Gilboa General Store which provides groceries and supplies to locals as well as tourists. There is also Fruit Hill Farm which offers fresh produce from their very own farm stand and Apple Acres Horse Farm which provides horseback riding lessons and trail experiences for people interested in equestrian activities. Additionally, Hansen鈥檚 Tavern provides entertainment to locals with its weekly events including karaoke nights, live music performances, and pub trivia contests held on Mondays every month.
The quality of life in Gilboa is further supported by research conducted by the US Census Bureau that found that this small town has experienced consistent population growth over the past five years due to increased migration from nearby urban areas coupled with low unemployment rates within Gilboa itself. Furthermore, various real estate reports have noted that home prices have increased steadily since 2017 making it an attractive investment opportunity for potential homeowners looking for a more peaceful area near a metropolitan city like Albany.
Gilboa has an unemployment rate of 6.5%. The US average is 6.0%.
Gilboa 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 Gilboa
- The Sales Tax Rate for Gilboa is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Gilboa is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Gilboa
- The average income of a Gilboa resident is $40,527 a year. The US average is $37,638 a year.
- The Median household income of a Gilboa resident is $69,000 a year. The US average is $69,021 a year.