Randolph, NY Economy


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Randolph, NY is a small town located in Cattaraugus County, New York that offers a number of amenities for its residents. The area has a median 2 bedroom rent of $800 per month which is significantly lower than the US average of $1,430 per month. Additionally, the grocery cost index in Randolph is 96 versus 100 in the US making it a more cost efficient place to live. Local companies in Randolph include several construction companies such as Ko-Mar Construction Inc., Randall’s Construction Contractors Inc., and Home Pro Builders & Remodeling LLC. There are also many local shops and cafes such as Dees Five Star Dairy Bar & Grill, King Street Café, and Caraballo's Pizza & Subs. All in all, Randolph provides a low cost of living compared to other towns in New York State while offering plenty of local businesses to residents and visitors alike.

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

Randolph has seen the job market decrease by -6.1% 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 Randolph
- The Sales Tax Rate for Randolph is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Randolph 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 Randolph
- The average income of a Randolph resident is $31,421 a year. The US average is $37,638 a year.
- The Median household income of a Randolph resident is $59,009 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRandolph, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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