Niagara Falls, New York Income Statistics
Niagara Falls Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Niagara Falls Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Niagara Falls | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,096 | $86,556 | $80,455 |
| Median Personal Income | $48,622 | $70,316 | $60,758 |
| Average Yearly Income Growth | 5.2% | 4.5% | 4.8% |
| Six-Figure Earners | 6.1% | 16.7% | 13.9% |
| $200k+ Households | 3.5% | 17.1% | 13.2% |
The median household income in Niagara Falls is about 43% lower than in New York. Income has been growing faster in Niagara Falls (5.2%/yr) than in New York (4.5%/yr).
About 6% of adults in Niagara Falls earn six figures ($100,000 or more) a year, lower than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Niagara Falls, New York grew by 55.1% from 2009 to 2024, reaching $49,096 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Niagara Falls
| Metric | Niagara Falls | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.557 | 0.552 |
| Male Median Income | $58,763 | $77,531 | $69,667 |
| Female Median Income | $47,495 | $67,892 | $56,850 |
| Gender Pay Gap | 19.2% | 12.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Niagara Falls, it is 0.534, lower than New York's 0.557, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 24% more than women's income in Niagara Falls, New York. Over a 35-year career, a 24% wage gap accumulates to roughly $394,380 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Niagara Falls, New York has narrowed from about 23% to 19% in 2024. Over that period the gap was narrowest at 14% in 2013. In dollar terms, the gap has widened by $2,867 since 2009.
Employment
| Metric | Niagara Falls | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.6% | 6.4% | 5.2% |
| Working from Home | 7.4% | 15.0% | 15.0% |
| Commute time (minutes) | 16 | 28 | 22 |
Approximately 2,257 people are unemployed in Niagara Falls, New York.
The average commute time in Niagara Falls is 16 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Niagara Falls, New York has fallen from 9.7% to 9.6% in 2024. Over that period the rate peaked at 11.6% in 2014 and fell as low as 6.5% in 2020.
Niagara Falls, NY Wealth Compared With Nearby Cities
How Niagara Falls, NY compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Niagara Falls, NY | 47,958 | $49,096 #2/2 | 5.2%/yr #1/2 | 9.6% #2/2 | 0.534 #2/2 |
| North Tonawanda, NY | 30,183 | $68,418 | 3.9%/yr | 5.8% | 0.488 |
Conclusion
Considering all these factors, Niagara Falls, New York has an overall wealth index grade of D, making it somewhat worse than New York, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Niagara Falls, New York.
How Rich Is Niagara Falls, New York?
Niagara Falls has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $49,096, about 43% lower than the New York average of $86,556.
How fast is household income rising in Niagara Falls, New York?
Between 2009 and 2024, the median household income in Niagara Falls, New York rose 55%, from $31,658 to $49,096. Over the same years, income here kept pace with New York as a whole: +55% against +56%.
What was the median household income in Niagara Falls in 2023?
In 2023, the median household income in Niagara Falls, New York was $48,809, up 6% from $46,110 in 2022. The New York median that year was $85,199.
What was the median household income in Niagara Falls in 2020?
In 2020, the median household income in Niagara Falls, New York was $41,202. By 2024 it had risen 19% to $49,096.
Is unemployment high in Niagara Falls, New York?
Unemployment in Niagara Falls, New York is 9.6%, well above the New York rate of 6.4%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Niagara Falls, New York?
The Gini coefficient in Niagara Falls is 0.534. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Niagara Falls, New York?
Since 2009, the income gap between men and women in Niagara Falls, New York has narrowed from about 23% to 19% in 2024. Over that period the gap was narrowest at 14% in 2013. In dollar terms, the gap has widened by $2,867 since 2009.
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