Cost of Living in Niagara Falls, NY
Population: 48,198 • 2026 Data
$48,535
Median Household Income
-37% vs national
$784
Median Monthly Rent
-42% vs national
$104,400
Median Home Value
-69% vs national
9.7%
Unemployment Rate
Housing in Niagara Falls
The median home value in Niagara Falls, NY is $104,400. Monthly rent for a typical unit averages $784, while total monthly housing costs (including utilities and insurance) average $779.
Rent-to-income ratio: 19.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Niagara Falls, NY is $48,535. The unemployment rate stands at 9.7%, with a labor force of 23,248 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.