Caneadea, NY Economy


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United States / New York / No Metro Area / Allegany County / Caneadea / Zip Codes
Caneadea, NY is a small town located in western New York. This charming town offers a peaceful atmosphere for those who wish to relax away from the hustle and bustle of city life. As of 2019, the average two-bedroom rent in Caneadea was $810 – significantly lower than the national average of $1,430. Additionally, grocery costs in Caneadea are slightly lower than the national average with an index of 97 compared to 100 in the US. This makes Caneadea an affordable place to live. The town is home to various businesses such as Fox's Pizza Den, Gavins Restaurant & Pub, and Vision Lumber Supply Co., Inc., all serving locals and visitors alike quality products and services. With its low cost of living and local companies offering great service, it’s easy to see why many people find Caneadea a great place to call home.

Caneadea has an unemployment rate of 6.2%. The US average is 6.0%.

Caneadea has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 10.9%, which is lower than the US average of 33.5%.

Tax Rates for Caneadea
- The Sales Tax Rate for Caneadea is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Caneadea 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 Caneadea
- The average income of a Caneadea resident is $14,890 a year. The US average is $28,555 a year.
- The Median household income of a Caneadea resident is $61,400 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCaneadea, New YorkUnited States
  6.26
  -3.7%-6.2%
  10.9%33.5%
  8.5%6.2%
  6.2%4.6%
  $20,650$37,638
  $61,400$69,021
  $70,132$85,028
  Population by Occupation
  1.0%1.2%
  0.3%0.5%
  1.7%6.8%
  7.5%10.0%
  0.5%2.5%
  5.8%11.0%
  1.8%4.8%
  0.0%0.8%
  1.7%1.9%
  1.4%4.7%
  0.0%1.9%
  1.2%7.6%
  0.0%0.1%
  1.5%4.2%
  49.3%9.3%
  2.6%14.0%
  3.4%2.1%
  13.3%7.0%
  4.6%4.8%
  2.3%4.7%
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