Medina, NY is a small town located in western New York. It has an estimated population of 6,234. Apartments here are known to be cheaper than elsewhere in the country with the cost for a two bedroom rent being $1,060 versus the US average of $1,430 – resulting in a 25% savings. Medina has many businesses and employers that contribute to its economy such as The Village Bistro and Pub, OBS Manufacturing Inc., and Allegany Propane Inc. In addition to these local companies, Medina’s Grocery Cost Index is 97 compared to 100 in the US which means groceries are 3 percent cheaper than other places in America.
Medina has an unemployment rate of 7.1%. The US average is 6.0%.
Medina has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Medina
- The Sales Tax Rate for Medina is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Medina 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 Medina
- The average income of a Medina resident is $21,326 a year. The US average is $28,555 a year.
- The Median household income of a Medina resident is $46,433 a year. The US average is $69,021 a year.