Zip 14218 (Lackawanna, NY) Economy


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14218 Lackawanna, NY is an ideal place to live due to its affordable rent and grocery costs. The two bedroom rent in the area is $920 which is significantly lower than the US average of $1,430. Similarly, the Grocery Cost Index in 14218 Lackawanna, NY is 98 compared to 100 in the US. It offers a lot of local businesses for residents such as Lackawanna Burger Company, Price Rite Supermarket, and D'Angelo's Pizza & Pub. These local restaurants and markets are highly praised by locals and tourists alike for their quality service and delicious meals. Other great places to visit include Nickel City Animal Hospital, Suburban Outfitters, and Cayuga Plaza Shopping Center. With so much local businesses at hand, 14218 Lackawanna offers a great quality of living for its residents.

Lackawanna (zip 14218) has an unemployment rate of 7.2%. The US average is 6.0%.

Lackawanna (zip 14218) 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 Lackawanna (zip 14218)
- The Sales Tax Rate for Lackawanna (zip 14218) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Lackawanna (zip 14218) 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 Lackawanna (zip 14218)
- The average income of a Lackawanna (zip 14218) resident is $21,223 a year. The US average is $28,555 a year.
- The Median household income of a Lackawanna (zip 14218) resident is $45,236 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLackawanna, New YorkUnited States
  7.26
  -6.0%-6.2%
  24.4%33.5%
  8.8%6.2%
  6.2%4.6%
  $24,804$37,638
  $45,236$69,021
  $56,851$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  4.3%6.8%
  14.4%10.0%
  1.8%2.5%
  14.3%11.0%
  5.8%4.8%
  0.5%0.8%
  1.2%1.9%
  2.8%4.7%
  0.8%1.9%
  4.8%7.6%
  0.0%0.1%
  3.7%4.2%
  7.4%9.3%
  20.3%14.0%
  1.6%2.1%
  8.5%7.0%
  3.6%4.8%
  4.2%4.7%
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