Erie County, NY Economy


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United States / New York / / Erie County / Cities / Zip Codes
Erie, NY County is a great place to live with lower costs for rent and groceries compared to the national average. Rent for a two-bedroom apartment is about $370 cheaper than the US average of $1,430, while grocery cost index is only 1 point above the US average. This makes Erie an attractive option for those seeking a more economical lifestyle. The primary companies influencing the housing and grocery costs in Erie are Wegman's Food Markets and Tops Friendly Market. These supermarkets offer low prices on groceries, which has contributed to the lower cost of living in Erie compared to other parts of the country. In addition, local real estate companies like ERA Team VP Real Estate are helping keep housing costs manageable by offering competitive rates.

Erie County has an unemployment rate of 7.2%. The US average is 6.0%.

Erie County 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 24.4%, which is lower than the US average of 33.5%.

Tax Rates for Erie County
- The Sales Tax Rate for Erie County is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Erie 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 Erie County
- The average income of a Erie County resident is $36,530 a year. The US average is $37,638 a year.
- The Median household income of a Erie County resident is $62,578 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyErie, New YorkUnited States
  Population by Occupation