14061 Farnham, NY is a small town located in Cattaraugus County, with a population of 1,220. The average two-bedroom rent here is $1,310 per month, which is $120 less than the US average of $1,430. Additionally, the Grocery Cost Index in 14061 Farnham is 98 versus an index of 100 in the US. Local companies in this area include M & T Bank, Five Star Bank and Warkentin Furniture Co., Inc. All three businesses have been serving the 14061 Farnham area for many years and continue to be an integral part of the local economy.
Farnham (zip 14061) has an unemployment rate of 7.2%. The US average is 6.0%.
Farnham (zip 14061) 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 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Farnham (zip 14061)
- The Sales Tax Rate for Farnham (zip 14061) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Farnham (zip 14061) 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 Farnham (zip 14061)
- The average income of a Farnham (zip 14061) resident is $22,812 a year. The US average is $28,555 a year.
- The Median household income of a Farnham (zip 14061) resident is $103,571 a year. The US average is $69,021 a year.