Niagara County · New York · Northeast · 48k residents
Niagara Falls, NY: economy, jobs & business costs
The site-selection read on Niagara Falls: labor costs, talent, corporate tax, energy, and business activity, with the New York median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,127/wk. New York's corporate income tax rate is 7.25%. Commercial electricity averages 18.8¢/kWh.
Compare Niagara Falls side by side
Avg. weekly wage
$1,127/wk
Corporate income tax
7.25%
Bachelor's degree or higher
22.7%
Commercial electricity
18.8¢/kWh
Economic momentum
How fast Niagara Falls's economy is moving, ranked against the US cities we track.
44/100
Steady
Ranks Niagara Falls's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $115,300 |
| Price per sq. ft. | $300 |
| Property tax rate | 1.6% |
| 1-bedroom rent | $663/mo |
| 2-bedroom rent | $822/mo |
| State & local income tax | 4.07% |
| Sales tax | 8.5% |
| Corporate income tax | 7.25% |
| Avg. weekly wage | $1,127/wk |
| Bachelor's degree or higher | 22.7% |
| Commercial electricity | 18.8¢/kWh |
| Businesses per 1k residents | 23.4/1k |
| Wage: Software developer | $127,850 |
| Wage: Registered nurse | $99,060 |
| Wage: General manager | $103,280 |
| Wage: Customer service | $45,520 |
| Wage: Warehouse worker | $37,970 |
| Wage: Heavy truck driver | $59,440 |
| Wage: Electrician | $77,930 |
| Wage: Retail salesperson | $34,910 |
| Cost of living index | 84 |
| Groceries index | 108 |
| Utilities | $190/mo |
| Transit pass | $127/mo |
| Gas price | $3.50/gal |
| Healthcare index | 105 |
| Childcare (per child) | $1,400/mo |
| Median household income | $49,101 |
| Unemployment rate | 4.3% |
| Population | 48k |
| Crime index | 40/100 |
| School rating | 6.5/10 |
| Walkability | 30/100 |
| Disaster risk | 83/100 |
| Avg. commute | 33 min |
| Sunny days / year | 180 days |
| July high | 82°F |
| January low | 19°F |
| Annual snowfall | 72 in |
| Home price YoY | +7.2% |
| Home price MoM | +0.3% |
| Rent YoY | +7.0% |
| Rent MoM | -0.1% |
| Employment (jobs) YoY | +0.8% |
| Building permits YoY | -50.0% |
| Ocean coast | 316 mi |
| Big lake | 11 mi |
| Mountains | 236 mi |
| Major airport | 19 mi |
| Ski resort | 61 mi |
Popular comparisons
Nearby
- North Tonawanda, NY · 30k
- Tonawanda Town, NY · 57k
- Tonawanda, NY · 15k
- Kenmore, NY · 15k
- Buffalo, NY · 277k
Similar size
- Binghamton, NY · 47k
- Irondequoit, NY · 51k
- West Seneca, NY · 45k
- Troy, NY · 51k
- Freeport, NY · 44k
Real listings in Niagara Falls
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Niagara Falls a good place to run a business?
- New York's corporate income tax rate is 7.25%; average weekly wages in the surrounding labor market run $1,127/wk; commercial electricity averages 18.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Niagara Falls, NY?
- Niagara Falls indexes at 84 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $822/mo and a acs median home value of $115,300.
- How much does a house cost in Niagara Falls?
- The acs median home value in Niagara Falls is $115,300 (Census ACS estimate; individual listings vary).
- How much is rent in Niagara Falls?
- A two-bedroom in Niagara Falls rents for about $822/mo.