Alma, NY is a small city located in Allegany County. It is known for its friendly atmosphere, affordable housing costs and low cost of living. The average 2 bedroom rent in Alma is $760 compared to the US average of $1,430. Additionally, the grocery cost index in Alma is 95 versus 100 in the US. As a result, many people choose to move to Alma to reap these benefits.
Alma is home to several businesses and attractions including Gold Coast Coffee Company, which serves delicious coffee and baked goods; Arbee's Bar & Grill which offers classic American food; Watson Homestead Conference and Retreat center with beautiful grounds for events and team building activities; Kinzua Bridge State Park with scenic views of the Kinzua Creek Valley; and nearby holiday ski resort Holiday Valley. There are also three schools in Alma: Wellsville High School, Mount Morris Elementary School and Bolivar-Richburg Central School District. All these local businesses make Alma an attractive place to live for those looking for something more affordable than a large city but still offering plenty of activities and amenities.
Alma has an unemployment rate of 6.2%. The US average is 6.0%.
Alma has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 10.9%, which is lower than the US average of 33.5%.
Tax Rates for Alma
- The Sales Tax Rate for Alma is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Alma 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 Alma
- The average income of a Alma resident is $20,684 a year. The US average is $28,555 a year.
- The Median household income of a Alma resident is $60,714 a year. The US average is $69,021 a year.