Living in Salamanca, New York
Cost of living, income, home prices, rent and demographics of Salamanca · Census data 2020–2024
Salamanca has 5,846 residents with a median age of 38.8. The median household income is $41,667 (52% lower than the New York median), the median home value is $80,900, the median rent is $688/month.
Salamanca at a glance
- Population
- 5,846
- Median age
- 38.8State: 39.8
- Median household income
- $41,667State: $85,974
- Median home value
- $80,900State: $423,800
- Median rent
- $688/moState: $1,621
- Homeowners
- 54.7%
- Bachelor's degree or higher
- 15.7%
- Average commute
- 18 min
Is Salamanca a good place to live?
Pros: Home values 81% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 52% lower than the New York median; unemployment of 8.6%; a poverty rate of 24.4%.
The weather is best in June to September.
Cost of living in Salamanca
Housing is the biggest part of the cost of living. In Salamanca the median home value is $80,900, 76% lower than the U.S. median. Renters pay a median of $688 per month, which is 28.5% of household income. Homeowners with a mortgage pay $909 a month in housing costs.
Salamanca median household income
The median household income in Salamanca is $41,667 and the income per person is $26,117. 24.4% of residents live below the poverty line (New York: 14%).
Housing in Salamanca: homes for sale and rent
- Housing units
- 2,909
- Owner-occupied
- 54.7%
- Renter-occupied
- 45.3%
- Vacant
- 15.3%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.32
Salamanca demographics
- Population
- 5,846
- Median age
- 38.8
- Under 18
- 26.2%
- 65 and older
- 16.4%
- Households
- 2,464
- Foreign-born
- 1.1%
- Veterans
- 8.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Salamanca ›
Education in Salamanca
15.7% of adults 25 and older in Salamanca have a bachelor's degree or higher (New York: 40.2%), and 4.1% have a graduate or professional degree.
Jobs and commute in Salamanca
- Unemployment rate
- 8.6%State: 6.4%
- Average commute
- 18 minState: 33 min
- Work from home
- 4.1%
- Drive alone
- 68.5%
- Public transit
- 0.7%
- Walk to work
- 9.4%
- Homes with broadband
- 84.5%
Salamanca vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Salamanca | 5,846 | $41,667 | $80,900 | $688 |
| Little Valley | 1,243 | $44,655 | $101,200 | $725 |
| Ellicottville | 348 | $86,042 | $377,300 | $1,160 |
| Limestone | 480 | $39,583 | $84,700 | — |
| East Randolph | 499 | $75,870 | $109,400 | $496 |
| Randolph | 953 | $75,571 | $94,300 | $689 |
| Allegany | 1,740 | $70,625 | $164,100 | $772 |
| Cattaraugus | 1,034 | $60,341 | $71,200 | $683 |
| Foster Brook | 942 | $98,049 | $112,600 | — |
More for people moving to Salamanca
Salamanca ZIP code ›Weather and climate ›Living in Salamanca: FAQ
What is the median household income in Salamanca, NY?
The median household income in Salamanca is $41,667, 52% 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 Salamanca?
The median home value in Salamanca is $80,900, compared with $423,800 in New York.
How much is rent in Salamanca?
The median gross rent in Salamanca is $688 per month, about 28.5% of household income.
Is Salamanca, NY a good place to live?
Pluses: home values 81% lower than the state median; an average commute of 18 minutes. Minuses: median household income 52% lower than the New York median; unemployment of 8.6%; a poverty rate of 24.4%.
What is the median age in Salamanca?
The median age in Salamanca is 38.8 years (New York: 39.8).
How long is the commute in Salamanca?
The average commute to work in Salamanca is 18 minutes; 4.1% of workers work from home.
What is the unemployment rate in Salamanca?
The unemployment rate in Salamanca is 8.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Salamanca?
15.7% of adults in Salamanca 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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