Zip 14131 (Ransomville, NY) Economy


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14131 Ransomville, NY is a small rural town located in Western New York. The 2 bedroom rent in this area is $1,290 which is slightly lower than the national average of $1,430. In addition to reasonable housing costs, the Grocery Cost Index for 14131 Ransomville is 101 versus 100 in the US, indicating that groceries are only slightly more expensive than average. This charming town also boasts popular local businesses such as Ransomville Speedway, which offers weekly stock-car races and other family-friendly events; J&J Winery, a working winery and tasting room open year round; and Bob's Appliances Repair Services, a reliable appliance repair service based in 14131 since 1985.

Ransomville (zip 14131) has an unemployment rate of 7.7%. The US average is 6.0%.

Ransomville (zip 14131) 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 Ransomville (zip 14131)
- The Sales Tax Rate for Ransomville (zip 14131) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Ransomville (zip 14131) 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 Ransomville (zip 14131)
- The average income of a Ransomville (zip 14131) resident is $29,999 a year. The US average is $28,555 a year.
- The Median household income of a Ransomville (zip 14131) resident is $84,085 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRansomville, New YorkUnited States
  7.76
  -6.0%-6.2%
  22.8%33.5%
  8.0%6.2%
  6.2%4.6%
  $40,198$37,638
  $84,085$69,021
  $102,778$85,028
  Population by Occupation
  0.0%1.2%
  0.4%0.5%
  5.8%6.8%
  18.7%10.0%
  0.8%2.5%
  12.8%11.0%
  3.6%4.8%
  1.9%0.8%
  0.3%1.9%
  5.1%4.7%
  1.1%1.9%
  3.1%7.6%
  0.0%0.1%
  6.7%4.2%
  8.3%9.3%
  14.0%14.0%
  3.0%2.1%
  6.7%7.0%
  3.7%4.8%
  3.9%4.7%
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