Zip 14802 (Alfred, NY) Economy


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United States / New York / No Metro Area / Allegany County / No City / Alfred (zip 14802)
14802 Alfred NY is a suburban town located in the Southern Tier of New York state. It has a population of about 4,700 people and is known for its tranquil atmosphere. The median 2 bedroom rent in the area is $840 - significantly lower than the national average of $1,430. This makes living in 14802 Alfred much more affordable, allowing individuals and families to live comfortably without spending too much on housing costs. Grocery cost index in the town is also lower than the US average at 98 versus 100 - meaning no matter what goods you need from the store, you'll be paying less for them here.
The town offers plenty of local businesses for residents to enjoy too! These include places such as Stever's Sports Bar & Grill where you can grab a bite to eat or relax with some friends over a beer, or their unique Ice Cream Shoppe for a tasty treat on hot summer days! They also have various retail outlets such as Burdick’s Family Market or Country Corner Gifts & Floral. Finally, 14802 Alfred is home to numerous places of worship such as Valley View Bible Church and St James Lutheran Church which keep the community connected with each other through faith-based activities.

Alfred (zip 14802) has an unemployment rate of 6.2%. The US average is 6.0%.

Alfred (zip 14802) 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 Alfred (zip 14802)
- The Sales Tax Rate for Alfred (zip 14802) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Alfred (zip 14802) 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 Alfred (zip 14802)
- The average income of a Alfred (zip 14802) resident is $7,193 a year. The US average is $28,555 a year.
- The Median household income of a Alfred (zip 14802) resident is $46,111 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlfred, New YorkUnited States
  6.26
  -3.7%-6.2%
  10.9%33.5%
  8.5%6.2%
  6.2%4.6%
  $8,837$37,638
  $46,111$69,021
  $84,167$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.1%6.8%
  6.0%10.0%
  0.0%2.5%
  15.7%11.0%
  0.5%4.8%
  0.0%0.8%
  1.2%1.9%
  0.1%4.7%
  0.9%1.9%
  3.1%7.6%
  0.0%0.1%
  2.6%4.2%
  39.6%9.3%
  2.5%14.0%
  4.6%2.1%
  19.6%7.0%
  2.1%4.8%
  1.3%4.7%
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