Lakeville, NY Economy


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Lakeville, NY is an attractive place to live for many reasons. Located in central New York, this small town offers residents a peaceful environment in which to raise families or simply enjoy life. The cost of living is lower than the national average, with two-bedroom rent at around $1,040 compared to $1,430 across the country. Locally grown produce and other grocery items can be found at reasonable prices due to a Grocery Cost Index that is slightly higher than the US average index score of 100.
Residents of Lakeville have access to many attractions such as the Sylvan Beach Amusement Park and nearby Delta Lake State Park where one can enjoy camping and swimming activities. Local businesses include Bonduelle Fresh Americas, a fresh vegetable packer, as well as meat processor Onondaga Meats Corporation which supplies local stores with their products. In addition, there are several churches in the area that provide spiritual guidance for its residents. Therefore, Lakeville is an ideal location for those looking for peaceful surroundings and lower costs of living without sacrificing quality of life.

Lakeville has an unemployment rate of 5.8%. The US average is 6.0%.

Lakeville has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.

Tax Rates for Lakeville
- The Sales Tax Rate for Lakeville is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lakeville 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 Lakeville
- The average income of a Lakeville resident is $23,376 a year. The US average is $37,638 a year.
- The Median household income of a Lakeville resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLakeville, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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