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 -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 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 $20,850 a year. The US average is $28,555 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
  7.26
  -6.1%-6.2%
  15.6%33.5%
  8.0%6.2%
  6.2%4.6%
  $31,421$37,638
  $59,009$69,021
  $84,926$85,028
  Population by Occupation
  3.6%1.2%
  2.9%0.5%
  7.4%6.8%
  20.3%10.0%
  3.1%2.5%
  10.8%11.0%
  4.9%4.8%
  0.0%0.8%
  0.9%1.9%
  0.7%4.7%
  0.0%1.9%
  1.7%7.6%
  0.0%0.1%
  3.8%4.2%
  14.9%9.3%
  13.8%14.0%
  2.2%2.1%
  3.4%7.0%
  4.0%4.8%
  1.7%4.7%
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