Living in Niagara Falls, New York
Cost of living, income, home prices, rent and demographics of Niagara Falls · Census data 2020–2024
Niagara Falls has 47,987 residents with a median age of 40.8. The median household income is $49,101 (43% lower than the New York median), the median home value is $115,300, the median rent is $823/month.
Niagara Falls at a glance
- Population
- 47,987
- Median age
- 40.8State: 39.8
- Median household income
- $49,101State: $85,974
- Median home value
- $115,300State: $423,800
- Median rent
- $823/moState: $1,621
- Homeowners
- 58.5%
- Bachelor's degree or higher
- 22.7%
- Average commute
- 19 min
Is Niagara Falls a good place to live?
Pros: Home values 73% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 43% lower than the New York median; unemployment of 9.6%; a poverty rate of 23.7%.
The weather is best in June to September.
Cost of living in Niagara Falls
Housing is the biggest part of the cost of living. In Niagara Falls the median home value is $115,300, 65% lower than the U.S. median. Renters pay a median of $823 per month, which is 36.2% of household income. Homeowners with a mortgage pay $1,112 a month in housing costs.
Niagara Falls median household income
The median household income in Niagara Falls is $49,101 and the income per person is $30,707. 23.7% of residents live below the poverty line (New York: 14%).
Housing in Niagara Falls: homes for sale and rent
- Housing units
- 26,251
- Owner-occupied
- 58.5%
- Renter-occupied
- 41.5%
- Vacant
- 13.4%Includes seasonal homes
- Median year built
- 1949
- Average household size
- 2.09
Niagara Falls demographics
- Population
- 47,987
- Median age
- 40.8
- Under 18
- 21.2%
- 65 and older
- 18.5%
- Households
- 22,730
- Foreign-born
- 5.2%
- Veterans
- 6.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Niagara Falls ›
Education in Niagara Falls
22.7% of adults 25 and older in Niagara Falls have a bachelor's degree or higher (New York: 40.2%), and 8.8% have a graduate or professional degree.
Jobs and commute in Niagara Falls
- Unemployment rate
- 9.6%State: 6.4%
- Average commute
- 19 minState: 33 min
- Work from home
- 7.4%
- Drive alone
- 73.7%
- Public transit
- 3.4%
- Walk to work
- 3.5%
- Homes with broadband
- 87.2%
Niagara Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Niagara Falls | 47,987 | $49,101 | $115,300 | $823 |
| Lewiston | 2,588 | $73,821 | $238,100 | $1,131 |
| Sanborn | 1,573 | $82,122 | $235,600 | $1,049 |
| Grandyle Village | 4,912 | $115,036 | $227,300 | $1,209 |
| North Tonawanda | 30,198 | $66,961 | $197,200 | $934 |
| Tonawanda | 15,030 | $58,326 | $173,600 | $835 |
| Tonawanda Town | 56,806 | $77,679 | $215,200 | $1,102 |
| Youngstown | 1,758 | $81,369 | $216,100 | $900 |
| Ransomville | 1,564 | $83,400 | $218,200 | $900 |
More for people moving to Niagara Falls
Niagara Falls ZIP code ›Weather and climate ›Living in Niagara Falls: FAQ
What is the median household income in Niagara Falls, NY?
The median household income in Niagara Falls is $49,101, 43% lower than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Niagara Falls?
The median home value in Niagara Falls is $115,300, compared with $423,800 in New York.
How much is rent in Niagara Falls?
The median gross rent in Niagara Falls is $823 per month, about 36.2% of household income.
Is Niagara Falls, NY a good place to live?
Pluses: home values 73% lower than the state median; an average commute of 19 minutes. Minuses: median household income 43% lower than the New York median; unemployment of 9.6%; a poverty rate of 23.7%.
What is the median age in Niagara Falls?
The median age in Niagara Falls is 40.8 years (New York: 39.8).
How long is the commute in Niagara Falls?
The average commute to work in Niagara Falls is 19 minutes; 7.4% of workers work from home.
What is the unemployment rate in Niagara Falls?
The unemployment rate in Niagara Falls is 9.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Niagara Falls?
22.7% of adults in Niagara Falls have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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