Wayland, NY Economy


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Wayland, NY is a small town located in Steuben County. It is known for its affordable living costs, with rent for two bedroom apartments coming in at $880 compared to the US average of $1,430. Furthermore, the Grocery Cost Index in Wayland is 97 versus 100 in the US. The town provides a great opportunity for residents to save money while still enjoying the beauty of upstate New York. There are many local businesses that contribute to Wayland’s unique atmosphere such as Dibble's Diner which offers traditional diner fare and delicious homemade pies. Jack's Hardware Store has been owned by four generations of the same family and continues to provide excellent service as well as essential hardware supplies and tools. In addition, there is an abundance of outdoor activities nearby such as fishing and hiking due to its close proximity to Keuka Lake State Park.

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

Wayland has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.

Tax Rates for Wayland
- The Sales Tax Rate for Wayland is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Wayland 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 Wayland
- The average income of a Wayland resident is $24,354 a year. The US average is $28,555 a year.
- The Median household income of a Wayland resident is $50,179 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWayland, New YorkUnited States
  6.76
  -4.7%-6.2%
  20.1%33.5%
  8.0%6.2%
  6.2%4.6%
  $23,636$37,638
  $50,179$69,021
  $63,750$85,028
  Population by Occupation
  4.8%1.2%
  0.2%0.5%
  8.7%6.8%
  11.4%10.0%
  0.4%2.5%
  15.3%11.0%
  3.9%4.8%
  0.8%0.8%
  1.7%1.9%
  1.2%4.7%
  0.3%1.9%
  1.4%7.6%
  0.0%0.1%
  2.9%4.2%
  9.5%9.3%
  19.2%14.0%
  1.3%2.1%
  8.4%7.0%
  5.4%4.8%
  3.3%4.7%
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