Allegany County, NY Economy


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United States / New York / No Metro Area / Allegany County / Cities / Zip Codes
Allegany, NY County is a great place to live and work in the Southern Tier of New York. With affordable two-bedroom rent at just $830 compared to the US average of $1,430, living here can be quite an economical option. It is also a great place to shop as the Grocery Cost Index is 96 compared to 100 on average for the entire country. There are many local businesses that provide a variety of services such as Allegany Motors, Anderson's Ice Cream, Red Jacket Orchard & Cider Mill, and Toole's Garage. These companies have been around for generations and help make Allegany County a wonderful place to live in.

Allegany County has an unemployment rate of 6.2%. The US average is 6.0%.

Allegany County has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 10.9%, which is lower than the US average of 33.5%.

Tax Rates for Allegany County
- The Sales Tax Rate for Allegany County is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Allegany County 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 Allegany County
- The average income of a Allegany County resident is $20,881 a year. The US average is $28,555 a year.
- The Median household income of a Allegany County resident is $54,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAllegany, New YorkUnited States
  6.26
  -3.7%-6.2%
  10.9%33.5%
  8.5%6.2%
  6.2%4.6%
  $26,388$37,638
  $54,375$69,021
  $68,726$85,028
  Population by Occupation
  2.4%1.2%
  0.4%0.5%
  7.0%6.8%
  13.8%10.0%
  0.9%2.5%
  11.3%11.0%
  3.0%4.8%
  0.6%0.8%
  1.5%1.9%
  2.1%4.7%
  0.2%1.9%
  1.8%7.6%
  0.0%0.1%
  2.5%4.2%
  19.2%9.3%
  14.7%14.0%
  1.3%2.1%
  7.5%7.0%
  4.8%4.8%
  5.1%4.7%
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