Allegany, NY (14706) is an attractive place to live for those looking for affordable housing options. The average two bedroom rent in Allegany is $800, which is significantly lower than the national average of $1,430. Additionally, locals can save even more as the Grocery Cost Index in this area is 98 compared to the US average of 100.
The city offers plenty of options for shopping, dining out or entertainment. Popular local businesses include Price Chopper Supermarkets, Ellicottville Brewing Company and ‘Let’s Play Two’ Mini Golf Course. With lower than average rent and grocery costs, Allegany boasts a very competitive cost of living compared to other nearby towns.
Allegany (zip 14706) has an unemployment rate of 7.2%. The US average is 6.0%.
Allegany (zip 14706) has seen the job market decrease by -1.0% 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 Allegany (zip 14706)
- The Sales Tax Rate for Allegany (zip 14706) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Allegany (zip 14706) 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 (zip 14706)
- The average income of a Allegany (zip 14706) resident is $25,880 a year. The US average is $28,555 a year.
- The Median household income of a Allegany (zip 14706) resident is $63,301 a year. The US average is $69,021 a year.