Ellicottville, NY Economy


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Ellicottville, NY is a small town in western New York known for its stunning natural beauty and outdoor recreational offerings. This quaint town of just under 1,000 residents offers plenty of reasons to visit or stay. From skiing at Holiday Valley Resort to golfing at the Ellicottville Country Club, there is no shortage of activities to enjoy. Those looking for an apartment can find 2 bedroom rents averaging $800 per month, which is significantly lower than the US average of $1,430. Grocery prices are also quite affordable here; the cost index in Ellicottville is 103 compared to 100 across the country. Local businesses abound in this charming town, such as Mambo Italiano restaurant, McGuire's Irish Pub & Restaurant, and Ellicottville Brewing Company. Nature lovers can explore Allegany State Park or take a hike on one of many trails in nearby Zoar Valley Multiple Use Area. There’s something for everyone in Ellicottville!

Ellicottville has an unemployment rate of 7.2%. The US average is 6.0%.

Ellicottville has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 15.6%, which is lower than the US average of 33.5%.

Tax Rates for Ellicottville
- The Sales Tax Rate for Ellicottville is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Ellicottville 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 Ellicottville
- The average income of a Ellicottville resident is $32,524 a year. The US average is $28,555 a year.
- The Median household income of a Ellicottville resident is $57,321 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEllicottville, New YorkUnited States
  7.26
  -6.1%-6.2%
  15.6%33.5%
  8.0%6.2%
  6.2%4.6%
  $37,059$37,638
  $57,321$69,021
  $75,750$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  13.3%6.8%
  8.5%10.0%
  2.5%2.5%
  10.4%11.0%
  1.2%4.8%
  0.5%0.8%
  0.0%1.9%
  1.7%4.7%
  2.7%1.9%
  0.0%7.6%
  0.0%0.1%
  4.0%4.2%
  9.3%9.3%
  13.3%14.0%
  6.1%2.1%
  13.1%7.0%
  5.5%4.8%
  8.1%4.7%
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