Living here
Cost of living in Niagara Falls
Housing is cheaper than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$784/mo
42% below US
Median home value
$104,400
66% below US
Median household income
$48,535
38% below US
Rent as share of income
19%
US 21%
Home price to income
2.2×
US 3.9×
Sales tax
8%
Rent by number of bedrooms
HUD 2027 fair market rents for Buffalo-Cheektowaga, NY MSA (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How Niagara Falls compares
- Niagara Falls$784
- New York$1,576
- United States$1,348
- Rochester$1,039
- Syracuse$998
- Albany$1,178
- Yonkers$1,730
- Staten Island$1,689
- White Plains$2,151
- North Hempstead$2,276
- Hempstead$1,649
- Niagara Falls$104,400
- New York$403,000
- United States$303,400
- Rochester$120,600
- Syracuse$125,100
- Albany$223,000
- Yonkers$478,000
- Staten Island$658,500
- White Plains$624,100
- North Hempstead$870,500
- Hempstead$442,100
Taxes
Compare with nearby cities
Life in Niagara Falls
Questions
Is Niagara Falls expensive to live in?
Housing in Niagara Falls is cheaper than the national average: median rent is $784 (42% below US) and the median home value is $104,400 (66% below US).
How much is rent in Niagara Falls?
The median gross rent is $784 a month. HUD’s 2027 fair market rents for the area are studio $1,178, 1 bedroom $1,203, 2 bedrooms $1,423, 3 bedrooms $1,732, 4 bedrooms $1,977.
How much of their income do renters spend in Niagara Falls?
At the median, a year’s rent ($9,408) equals about 19% of the median household income ($48,535); nationally it’s about 21%.
What are taxes like in Niagara Falls?
Sales tax is 8% and property taxes run about 2.55% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; NYS Dept. of Taxation and Finance, Publication 718 (2/25), Sales and Use Tax Rates by Jurisdiction, effective March 1, 2025.