Ransomville, NY is a small town located in Niagara County with a population of 1,931. The town has many local businesses such as R&G Landscaping, which provides landscaping services to the community, and B&K Auto Repair, which offers automotive repair services. Other businesses in Ransomville include JB's Furniture, a furniture store, and AJ's Groceries, which provides fresh groceries to the residents of the town. Additionally, the cost of living in Ransomville is relatively affordable with an average rent for a two bedroom apartment costing $1,320 compared to the national average of $1,430. Furthermore, the grocery cost index in Ransomville is 101 versus 100 nationally. Therefore living in this small town can offer its residents savings when it comes to housing costs and groceries.
Ransomville has an unemployment rate of 7.7%. The US average is 6.0%.
Ransomville has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Ransomville
- The Sales Tax Rate for Ransomville is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Ransomville 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 Ransomville
- The average income of a Ransomville resident is $30,365 a year. The US average is $28,555 a year.
- The Median household income of a Ransomville resident is $93,438 a year. The US average is $69,021 a year.