Seneca, NY Economy


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Seneca, NY is a small town located in the Finger Lakes region of New York State. The cost of living in Seneca is quite affordable when compared to the national average, with a 2 bedroom rent averaging at $1,130 versus $1,430 across the US. Similarly, the Grocery Cost Index is 99 in Seneca versus 100 on average in the US. Those looking for work can find employment opportunities through local businesses such as Wegmans grocery store, Seneca Cayuga Casino Hotel, and Glenora Wine Cellars. In addition to these businesses, there are plenty of smaller companies offering various services throughout Seneca that can provide job seekers with a great opportunity to get started or grow their career. Overall, for those who want an affordable cost of living and plenty of employment options, Seneca provides an optimal place to live.

Seneca has an unemployment rate of 5.8%. The US average is 6.0%.

Seneca has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.

Tax Rates for Seneca
- The Sales Tax Rate for Seneca is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Seneca 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 Seneca
- The average income of a Seneca resident is $26,872 a year. The US average is $28,555 a year.
- The Median household income of a Seneca resident is $73,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySeneca, New YorkUnited States
  5.86
  -5.3%-6.2%
  25.5%33.5%
  7.5%6.2%
  6.2%4.6%
  $33,410$37,638
  $73,000$69,021
  $80,450$85,028
  Population by Occupation
  4.5%1.2%
  0.0%0.5%
  14.1%6.8%
  9.0%10.0%
  1.8%2.5%
  15.4%11.0%
  2.7%4.8%
  0.6%0.8%
  0.2%1.9%
  1.5%4.7%
  0.4%1.9%
  1.4%7.6%
  0.0%0.1%
  2.0%4.2%
  10.1%9.3%
  13.1%14.0%
  5.2%2.1%
  7.2%7.0%
  5.5%4.8%
  5.3%4.7%
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