Buffalo-Cheektowaga Metro Area, NY Economy


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United States / New York / Buffalo-Cheektowaga Metro Area / Counties / Cities / Zip Codes
The Buffalo-Cheektowaga-Niagara Falls Metro Area is an ideal place for people looking for a more affordable lifestyle. With 2 bedroom rents being $1,070 versus $1,430 in the US, it provides great value for money. Grocery Cost Index in this area is also favorable at 101 versus 100 in the US. This region is home to many local companies such as M&T Bank, 12th Man Technologies, and Try It Distributing. \nTourists can explore various attractions like Fort Niagara State Park, Niagara Falls State Park, and Niagara Gorge Trail System. There are plenty of museums including Buffalo & Erie County Naval & Military Park museum and Theodore Roosevelt Inaugural National Historic Site. Other activities include shopping at Walden Galleria or visiting nearby wineries such as Stone Bridge Winery and Chateau Niagara Winery.

Buffalo-Cheektowaga Metro Area has an unemployment rate of 7.3%. The US average is 6.0%.

Buffalo-Cheektowaga Metro Area 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 24.1%, which is lower than the US average of 33.5%.

Tax Rates for Buffalo-Cheektowaga Metro Area
- The Sales Tax Rate for Buffalo-Cheektowaga Metro Area is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Buffalo-Cheektowaga Metro Area 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 Buffalo-Cheektowaga Metro Area
- The average income of a Buffalo-Cheektowaga Metro Area resident is $28,171 a year. The US average is $28,555 a year.
- The Median household income of a Buffalo-Cheektowaga Metro Area resident is $62,282 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBuffalo-Cheektowaga, New YorkUnited States
  7.36
  -6.0%-6.2%
  24.1%33.5%
  8.8%6.2%
  6.2%4.6%
  $35,969$37,638
  $62,282$69,021
  $83,494$85,028
  Population by Occupation
  0.4%1.2%
  0.1%0.5%
  5.1%6.8%
  10.9%10.0%
  2.2%2.5%
  11.3%11.0%
  4.1%4.8%
  0.8%0.8%
  1.5%1.9%
  6.4%4.7%
  1.7%1.9%
  6.1%7.6%
  0.1%0.1%
  3.7%4.2%
  11.2%9.3%
  16.7%14.0%
  1.9%2.1%
  6.9%7.0%
  4.3%4.8%
  4.4%4.7%
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