Geneseo, NY Economy


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Geneseo, NY is a small town located in Livingston County, near the Genesee Valley. It has a population of 7,579 people and provides its residents with an array of businesses and services. Rent for a 2 bedroom in Geneseo is around $1,240 per month which is slightly lower than the national average of $1,430. Additionally, Geneseo has a grocery cost index of 101 compared to the US average of 100. As such, living expenses in Geneseo are quite affordable. Some popular local businesses include Bontrager's Pub & Grill, Lakeville Inn Pizza House, and Genesee Country Store. These businesses offer excellent food and services to the local community making it a great place to live!

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

Geneseo 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 Geneseo
- The Sales Tax Rate for Geneseo is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Geneseo 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 Geneseo
- The average income of a Geneseo resident is $27,459 a year. The US average is $37,638 a year.
- The Median household income of a Geneseo resident is $49,826 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGeneseo, New YorkUnited States
  5.86
  -5.5%-6.2%
  23.8%33.5%
  8.0%6.2%
  6.2%4.6%
  $27,459$37,638
  $49,826$69,021
  $95,400$85,028
  Population by Occupation
  2.5%1.2%
  0.9%0.5%
  5.5%6.8%
  3.8%10.0%
  1.1%2.5%
  8.1%11.0%
  0.2%4.8%
  0.4%0.8%
  4.0%1.9%
  0.7%4.7%
  0.8%1.9%
  5.2%7.6%
  0.0%0.1%
  3.8%4.2%
  31.1%9.3%
  15.1%14.0%
  2.3%2.1%
  9.0%7.0%
  3.8%4.8%
  1.7%4.7%
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