Zip 14031 (Clarence, NY) Economy


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Clarence, New York is a beautiful suburban town in the heart of Erie County. With a population of 28,420, it is a great place to live for anyone looking to get away from the hustle and bustle of city life while still staying close to essential amenities. Rent for a two bedroom apartment in Clarence is substantially more affordable than the national average at $960 compared to an average US rent of $1,430. Grocery cost index in Clarence is 106 versus 100 in the US. \nLocal companies include Sevenson Environmental Services Inc., Roberts Concrete Cutting & Coring Inc., and Niagara Machine & Tool Works Inc., which have all been providing residents with quality services for years. There are also plenty of attractions for those looking to explore and enjoy their free time such as The Clarence Hollow Farmers Market, Elma Meadows Golf Course, and Buffalo & Erie County Botanical Gardens. All of these features make Clarence an ideal place to call home.

Clarence (zip 14031) has an unemployment rate of 5.5%. The US average is 6.0%.

Clarence (zip 14031) 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 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Clarence (zip 14031)
- The Sales Tax Rate for Clarence (zip 14031) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Clarence (zip 14031) 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 Clarence (zip 14031)
- The average income of a Clarence (zip 14031) resident is $41,057 a year. The US average is $28,555 a year.
- The Median household income of a Clarence (zip 14031) resident is $81,339 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyClarence, New YorkUnited States
  5.56
  -6.0%-6.2%
  26.8%33.5%
  8.8%6.2%
  6.2%4.6%
  $52,134$37,638
  $81,339$69,021
  $112,111$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  6.3%6.8%
  8.4%10.0%
  2.4%2.5%
  13.7%11.0%
  3.0%4.8%
  0.1%0.8%
  0.8%1.9%
  4.1%4.7%
  5.5%1.9%
  9.5%7.6%
  0.0%0.1%
  1.7%4.2%
  10.3%9.3%
  16.6%14.0%
  4.2%2.1%
  3.4%7.0%
  4.8%4.8%
  5.0%4.7%
Health