Tonawanda city, NY is a small town located in upstate New York. It is home to several local businesses that provide the community with employment opportunities such as State Street Markets, Pet Solutions Unlimited, and Mark's Ace Hardware Store. Tonawanda city is known for its affordable living with two bedroom rents costing about $1,140 compared to the national average of $1,430. Additionally, grocery costs in Tonawanda are slightly lower than the national average with an index of 99 versus 100. All these reasons make Tonawanda city a popular destination for those wishing to purchase homes or rent apartments without spending too much money.
Tonawanda has an unemployment rate of 6.2%. The US average is 6.0%.
Tonawanda has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Tonawanda
- The Sales Tax Rate for Tonawanda is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Tonawanda 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 Tonawanda
- The average income of a Tonawanda resident is $25,238 a year. The US average is $28,555 a year.
- The Median household income of a Tonawanda resident is $56,112 a year. The US average is $69,021 a year.