Wadsworth, NY Economy


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Wadsworth, NY is a small town situated in upstate New York that offers a peaceful and economical lifestyle. It has an average 2 bedroom rent of $960 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index for Wadsworth is 98 versus 100 in the US, making groceries more affordable than anywhere else. Popular companies in Wadsworth include Razzano Homes, Inc., Healthy Life Chiropractic Center, and L&M Fence Co., Inc. These local businesses offer variety of products and services to meet the needs of this small town community.

Wadsworth has an unemployment rate of 5.8%. The US average is 6.0%.

Wadsworth has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.

Tax Rates for Wadsworth
- The Sales Tax Rate for Wadsworth is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Wadsworth 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 Wadsworth
- The average income of a Wadsworth resident is $33,771 a year. The US average is $28,555 a year.
- The Median household income of a Wadsworth resident is $51,563 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWadsworth, New YorkUnited States
  5.86
  -5.5%-6.2%
  23.8%33.5%
  8.0%6.2%
  6.2%4.6%
  $23,437$37,638
  $51,563$69,021
Family Median Income 85028
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