salaryRent is lower than in 72% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19.1 minutes.
How much money do I need?
To rent here comfortably, you should earn about $50,360 a year. That is $24 an hour at a full-time job.
Is rent cheaper than other New York cities?
Yes. Rent here is cheaper than in most of New York. It is number 48 of 343 cities from cheapest to most expensive.
How much do households earn in Niagara Falls?
Share of households by yearly income. 12.4% of households earn $100,000 or more.
Rent by apartment size in Niagara Falls
| Size | Niagara Falls | U.S. average |
|---|---|---|
| Studio | $611 | $1,338 |
| 1 bedroom | $732 | $1,324 |
| 2 bedrooms | $907 | $1,509 |
| 3 bedrooms | $1,203 | $1,698 |
| 4 bedrooms | $1,041 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Niagara Falls overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Niagara Falls, so the New York figure is shown.
Taxes and bills in Niagara Falls
Life in Niagara Falls
Is it cheaper to rent or buy in Niagara Falls?
Buying is cheaper month to month: about $459 a month less than renting.
Owning assumes a typical $115,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,530 for the down payment.
Frequently asked questions
What is the average rent in Niagara Falls, NY?
Renting in Niagara Falls costs a median of about $1,259 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Niagara Falls?
To keep rent under 30% of income, you need about $50,360 a year, or $24 an hour at a full-time job.
Is Niagara Falls cheap or expensive?
Niagara Falls is rated OK: rent takes 28.5% of the typical household income of $52,955. It ranks 48th cheapest of 343 New York cities we track.
How much are property taxes in Niagara Falls?
The median homeowner in Niagara Falls pays $2,786 a year in property taxes, about 2.42% of the median home value.
Is Niagara Falls more expensive than the national average?
Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Niagara Falls?
The median home value in Niagara Falls is $115,300, about 2.2 times the typical yearly household income.
47,987 people live in Niagara Falls. Numbers are typical (middle) values.