Zip 14220 (Buffalo, NY) Economy


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14220 Buffalo, NY offers a wide variety of rental options for two bedrooms at an average cost of $1,020, which is much lower than the national average rent of $1,430. Grocery prices in the area are also generally lower than elsewhere in the US with an index of 99. Those looking to rent in this area have access to a number of local companies that provide a host of amenities and services, such as Elite Properties Inc., which provides excellent customer service and high-end apartments equipped with stainless steel appliances. Other popular businesses in Buffalo include J&L Property Management where tenants can enjoy new windows and updated carpeting in renovated units. For those who prefer to buy their own home, The Landlord Company provides budget-friendly housing options with excellent repair services available when needed.

Buffalo (zip 14220) has an unemployment rate of 9.5%. The US average is 6.0%.

Buffalo (zip 14220) 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 21.9%, which is lower than the US average of 33.5%.

Tax Rates for Buffalo (zip 14220)
- The Sales Tax Rate for Buffalo (zip 14220) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Buffalo (zip 14220) 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 (zip 14220)
- The average income of a Buffalo (zip 14220) resident is $23,683 a year. The US average is $28,555 a year.
- The Median household income of a Buffalo (zip 14220) resident is $62,643 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBuffalo, New YorkUnited States
  9.56
  -6.0%-6.2%
  21.9%33.5%
  8.8%6.2%
  6.2%4.6%
  $30,708$37,638
  $62,643$69,021
  $74,507$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  3.8%6.8%
  8.9%10.0%
  2.0%2.5%
  8.2%11.0%
  3.9%4.8%
  1.3%0.8%
  1.4%1.9%
  6.5%4.7%
  1.6%1.9%
  4.0%7.6%
  0.2%0.1%
  3.1%4.2%
  12.7%9.3%
  17.4%14.0%
  1.2%2.1%
  10.5%7.0%
  4.7%4.8%
  8.4%4.7%
Health