Niagara Falls, NY is a popular tourist destination and offers a wide variety of activities for visitors. With beautiful views of the Niagara River and the iconic Horseshoe Falls, Niagara Falls has something to offer everyone. The city is filled with attractions such as the Aquarium of Niagara, Cave of the Winds, and Maid of the Mist boat ride. It's also home to several notable companies, including Wegmans Grocery Store, Seneca Gaming Corporation, and Niagara University.
The cost of living in Niagara Falls is lower than other parts of New York State due to its proximity to Buffalo. The average two bedroom rent is $950 compared to $1,430 in the US, making it more affordable than many areas in New York. Furthermore, grocery costs are 96 on the index scale compared to 100 in the US overall. This makes Niagara Falls an attractive place for those looking for a lower cost of living while still enjoying all that New York has to offer.
Niagara Falls has an unemployment rate of 9.8%. The US average is 6.0%.
Niagara Falls has seen the job market increase by 1.1% 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 Niagara Falls
- The Sales Tax Rate for Niagara Falls is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Niagara Falls 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 Niagara Falls
- The average income of a Niagara Falls resident is $20,643 a year. The US average is $28,555 a year.
- The Median household income of a Niagara Falls resident is $43,336 a year. The US average is $69,021 a year.