Cleveland, NY Economy


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Cleveland, NY is an excellent place to live with a high quality of life and a low cost of living. According to the given information, the two bedroom rent in Cleveland, NY is $1,350, while the US two bedroom rent is $1,430 making it a more affordable option. Moreover, the Grocery Cost Index in Cleveland is 98 versus 100 in the US meaning groceries are cheaper here.
Located near Seneca Lake and with its vibrant mix of businesses and cultural attractions, Cleveland offers something for everyone. Local companies include Tops Markets grocery store chain and Chittenango Printing Corp as well as many others which provide job opportunities for its residents. Furthermore, there are plenty of restaurants and family-friendly activities to do at a reasonable cost such as bowling or visiting local museums. All this makes Cleveland an attractive place to live for those looking for an affordable living environment.

Cleveland has an unemployment rate of 7.5%. The US average is 6.0%.

Cleveland has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.

Tax Rates for Cleveland
- The Sales Tax Rate for Cleveland is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cleveland 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 Cleveland
- The average income of a Cleveland resident is $22,992 a year. The US average is $28,555 a year.
- The Median household income of a Cleveland resident is $68,456 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCleveland, New YorkUnited States
  7.56
  -4.4%-6.2%
  20.4%33.5%
  8.0%6.2%
  6.2%4.6%
  $35,055$37,638
  $68,456$69,021
  $66,786$85,028
  Population by Occupation
  1.3%1.2%
  0.0%0.5%
  9.8%6.8%
  7.2%10.0%
  4.8%2.5%
  13.8%11.0%
  4.8%4.8%
  0.3%0.8%
  0.3%1.9%
  9.0%4.7%
  0.0%1.9%
  3.7%7.6%
  0.0%0.1%
  3.5%4.2%
  5.6%9.3%
  10.4%14.0%
  4.0%2.1%
  6.9%7.0%
  7.7%4.8%
  6.9%4.7%
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