Gaines, NY Economy


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Gaines, NY is a great place to live with many amenities. It offers affordable housing with the average 2 Bedroom rent being $980, compared to the US average of $1,430. The grocery cost index in Gaines is 97 compared to 100 in the US, making it a great location for those looking for an affordable cost of living. Local companies like Gaines Glass & Mirror Company, Maggio's Restaurant and J&J Auto Repair offer employment opportunities as well as goods and services for residents. All in all Gaines provides a wonderful environment with an affordable cost of living that makes it an ideal place to call home.

Gaines has an unemployment rate of 7.1%. The US average is 6.0%.

Gaines has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.

Tax Rates for Gaines
- The Sales Tax Rate for Gaines is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Gaines 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 Gaines
- The average income of a Gaines resident is $22,250 a year. The US average is $28,555 a year.
- The Median household income of a Gaines resident is $49,192 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGaines, New YorkUnited States
  7.16
  -5.7%-6.2%
  24.1%33.5%
  8.0%6.2%
  6.2%4.6%
  $26,619$37,638
  $49,192$69,021
  $54,830$85,028
  Population by Occupation
  7.9%1.2%
  0.0%0.5%
  10.3%6.8%
  17.6%10.0%
  0.0%2.5%
  14.4%11.0%
  8.8%4.8%
  0.0%0.8%
  1.1%1.9%
  2.5%4.7%
  0.0%1.9%
  0.1%7.6%
  0.0%0.1%
  8.0%4.2%
  10.4%9.3%
  12.6%14.0%
  1.9%2.1%
  0.7%7.0%
  0.0%4.8%
  3.7%4.7%
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