Zip 14729 (East Otto, NY) Economy


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United States / New York / Olean Metro Area / Cattaraugus County / No City / East Otto (zip 14729)
14729 East Otto, NY is a great place to live. This neighborhood offers a variety of amenities, including restaurants, shops, and entertainment. The cost of living in this area is relatively low compared to other areas in New York State. Specifically, 2 Bedroom rent in the area is $840 which is considerably lower than the US average of $1,430. Additionally, the grocery cost index in the area is 97 versus 100 in the US which further demonstrates its affordability. Local companies such as Buffalo Wild Wings and Walmart cater to residents’ needs and make it easy to get everyday items or enjoy a night out with friends. All in all, 14729 East Otto, NY offers an affordable and convenient lifestyle for those looking for a unique place to call home.

East Otto (zip 14729) has an unemployment rate of 7.2%. The US average is 6.0%.

East Otto (zip 14729) 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 East Otto (zip 14729)
- The Sales Tax Rate for East Otto (zip 14729) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for East Otto (zip 14729) 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 East Otto (zip 14729)
- The average income of a East Otto (zip 14729) resident is $28,457 a year. The US average is $28,555 a year.
- The Median household income of a East Otto (zip 14729) resident is $66,083 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEast Otto, New YorkUnited States
  7.26
  -6.1%-6.2%
  15.6%33.5%
  8.0%6.2%
  6.2%4.6%
  $30,546$37,638
  $66,083$69,021
  $80,000$85,028
  Population by Occupation
  3.9%1.2%
  0.0%0.5%
  11.2%6.8%
  9.9%10.0%
  2.8%2.5%
  8.0%11.0%
  5.6%4.8%
  0.0%0.8%
  2.4%1.9%
  1.1%4.7%
  0.0%1.9%
  5.4%7.6%
  0.0%0.1%
  9.9%4.2%
  8.2%9.3%
  10.4%14.0%
  0.6%2.1%
  9.7%7.0%
  8.0%4.8%
  2.8%4.7%
Health