Geneva, NY is a small city located in the Finger Lakes region of New York State. It is known for its picturesque setting on the banks of Seneca Lake, charming downtown and varied outdoor recreational activities. Residents of Geneva enjoy a relatively low cost of living with 2 bedroom rent averaging around $1,090/month and a grocery cost index that is 98 compared to the U.S. average of 100. Local companies offer a variety of services to meet the needs of Geneva’s residents such as The Finger Lakes Times newspaper, Seneca Lake Fish Co., which specializes in selling lake-caught fish, and Osmosis Art Gallery showcasing local artwork and photography. There are also several wineries in the area including Chateau LaFayette Reneau Winery and Wagner Vineyards offering tastings, tours, and events throughout the year.
Geneva has an unemployment rate of 5.8%. The US average is 6.0%.
Geneva has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Geneva
- The Sales Tax Rate for Geneva is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Geneva 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 Geneva
- The average income of a Geneva resident is $27,392 a year. The US average is $37,638 a year.
- The Median household income of a Geneva resident is $56,019 a year. The US average is $69,021 a year.