Oneida County · New York · Northeast · 64k residents
Utica, NY: economy, jobs & business costs
The site-selection read on Utica: 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 $1,224/wk. New York's corporate income tax rate is 7.25%. Commercial electricity averages 18.8¢/kWh.
Compare Utica side by side
Avg. weekly wage
$1,224/wk
Corporate income tax
7.25%
Bachelor's degree or higher
22.4%
Commercial electricity
18.8¢/kWh
Economic momentum
How fast Utica's economy is moving, ranked against the US cities we track.
13/100
Cooling
Ranks Utica's 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 | $151,300 |
| Price per sq. ft. | $300 |
| Property tax rate | 1.6% |
| 1-bedroom rent | $762/mo |
| 2-bedroom rent | $976/mo |
| State & local income tax | 4.07% |
| Sales tax | 8.5% |
| Corporate income tax | 7.25% |
| Avg. weekly wage | $1,224/wk |
| Bachelor's degree or higher | 22.4% |
| Commercial electricity | 18.8¢/kWh |
| Businesses per 1k residents | 23.3/1k |
| Wage: Software developer | $113,390 |
| Wage: Registered nurse | $94,300 |
| Wage: General manager | $98,350 |
| Wage: Customer service | $45,250 |
| Wage: Warehouse worker | $38,130 |
| Wage: Heavy truck driver | $57,650 |
| Wage: Electrician | $61,660 |
| Wage: Retail salesperson | $34,530 |
| Cost of living index | 88 |
| 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 | $52,484 |
| Unemployment rate | 4.3% |
| Population | 64k |
| Crime index | 40/100 |
| School rating | 6.5/10 |
| Walkability | 34/100 |
| Disaster risk | 86/100 |
| Avg. commute | 33 min |
| Sunny days / year | 180 days |
| July high | 81°F |
| January low | 14°F |
| Annual snowfall | — |
| Home price YoY | +9.1% |
| Home price MoM | +0.8% |
| Rent YoY | +13.2% |
| Rent MoM | +2.5% |
| Employment (jobs) YoY | -1.1% |
| Building permits YoY | — |
| Ocean coast | 167 mi |
| Big lake | 70 mi |
| Mountains | 86 mi |
| Major airport | 44 mi |
| Ski resort | 73 mi |
Popular comparisons
Nearby
- Rome, NY · 32k
- Oneonta, NY · 15k
- Syracuse, NY · 146k
- Amsterdam, NY · 18k
- Cortland, NY · 17k
Similar size
- White Plains, NY · 61k
- Schenectady, NY · 69k
- Hempstead, NY · 59k
- Tonawanda Town, NY · 57k
- Mount Vernon, NY · 72k
Real listings in Utica
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Utica 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 $1,224/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 Utica, NY?
- Utica indexes at 88 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $976/mo and a acs median home value of $151,300.
- How much does a house cost in Utica?
- The acs median home value in Utica is $151,300 (Census ACS estimate; individual listings vary).
- How much is rent in Utica?
- A two-bedroom in Utica rents for about $976/mo.