Massena, NY Economy


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Massena, NY is a small city located in northern New York, situated along the banks of the St. Lawrence River. The area is known for its scenic beauty and rich history. Popular local companies include Massena Memorial Hospital, Saint Lawrence University Hospital, and Novelis Aluminum Corporation. The cost of living in Massena is below the US average; two bedroom rent averages $820 per month compared to $1,430 nationally while the Grocery Cost Index is 96 versus 100 for the entire country. For those looking for an affordable place to live with easy access to beautiful natural attractions, Massena could be an ideal location.

Massena has an unemployment rate of 6.7%. The US average is 6.0%.

Massena has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.

Tax Rates for Massena
- The Sales Tax Rate for Massena is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Massena 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 Massena
- The average income of a Massena resident is $22,956 a year. The US average is $28,555 a year.
- The Median household income of a Massena resident is $49,369 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMassena, New YorkUnited States
  6.76
  -3.2%-6.2%
  20.9%33.5%
  8.0%6.2%
  6.2%4.6%
  $28,499$37,638
  $49,369$69,021
  $62,896$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  5.1%6.8%
  13.3%10.0%
  1.0%2.5%
  12.1%11.0%
  2.4%4.8%
  2.1%0.8%
  0.7%1.9%
  2.5%4.7%
  1.4%1.9%
  3.2%7.6%
  0.2%0.1%
  2.9%4.2%
  11.1%9.3%
  17.2%14.0%
  5.6%2.1%
  4.9%7.0%
  3.7%4.8%
  9.7%4.7%
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