Gowanda, NY is an up-and-coming city with a cost of living significantly lower than other areas in the United States. Rent for two bedroom apartments is about $840, which is much less than the US average of $1,430. Similarly, Gowanda has a grocery cost index of 96 compared to the national average of 100. This makes it an attractive destination for those interested in saving costs.
The area around Gowanda has plenty to offer as well; popular local companies and businesses include Cattaraugus Creek Outfitters, Gowanda Harley-Davidson, and AJ’s Pizzeria. All in all, the combination of low cost of living and vibrant business scene make Gowanda a great place to live or visit.
Gowanda has an unemployment rate of 7.2%. The US average is 6.0%.
Gowanda has seen the job market decrease by -6.1% 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 Gowanda
- The Sales Tax Rate for Gowanda is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Gowanda 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 Gowanda
- The average income of a Gowanda resident is $21,385 a year. The US average is $37,638 a year.
- The Median household income of a Gowanda resident is $44,515 a year. The US average is $69,021 a year.