Zip 14108 (Newfane, NY) Economy


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14108 Newfane, NY is a small town located in Niagara County with an estimated population of 4,102. The rental cost for a two-bedroom apartment in this area is $960, which is much lower than the US average of $1,430. Furthermore, Newfane also has a low grocery cost index of 99 compared to the nationwide 100. Local companies in the area include Newfane Historical Society, Reisdorf's Market and Solstice Farm. These businesses provide residents with necessary goods and services while contributing to the community’s economy.

Newfane (zip 14108) has an unemployment rate of 7.7%. The US average is 6.0%.

Newfane (zip 14108) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower than the US average of 33.5%.

Tax Rates for Newfane (zip 14108)
- The Sales Tax Rate for Newfane (zip 14108) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Newfane (zip 14108) 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 Newfane (zip 14108)
- The average income of a Newfane (zip 14108) resident is $28,129 a year. The US average is $28,555 a year.
- The Median household income of a Newfane (zip 14108) resident is $61,159 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNewfane, New YorkUnited States
  7.76
  -6.0%-6.2%
  22.8%33.5%
  8.0%6.2%
  6.2%4.6%
  $32,340$37,638
  $61,159$69,021
  $78,542$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  11.0%6.8%
  16.5%10.0%
  0.0%2.5%
  11.3%11.0%
  3.6%4.8%
  2.2%0.8%
  2.7%1.9%
  4.7%4.7%
  0.1%1.9%
  3.6%7.6%
  0.0%0.1%
  2.6%4.2%
  8.8%9.3%
  14.1%14.0%
  0.5%2.1%
  7.6%7.0%
  5.7%4.8%
  5.0%4.7%
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