Niagara Falls is a mid-sized city located in the state of New York. The city has a population of 49,180 people. In Niagara Falls, there are 3,491 people per square mile, which is well above the national population density average. According to the most recent Census, 70% of Niagara Falls residents are White, 22% Black and 2% American Indian and Alaskan.
Living in Niagara Falls can be a good experience for anyone moving to the town. Having said that, in the state of New York, there are many incredible places to live, so choose wisely! To help you find the best places to live in and around Niagara Falls, AreaVibes has created a livability score using key metrics like crime, cost of living, employment and more.
The livability score in Niagara Falls is 58/100 and the city is ranked in the 14th percentile of all cities across America. This is not a favorable rating; as this score ranks among some of the lowest in America. Living in Niagara Falls may not be a pleasant experience. Based on the rankings for each individual category, Niagara Falls has been rewarded with high marks for amenities (A+) and cost of living (A-). There is at least one category that you should be aware of in Niagara Falls. The following was graded with a discouraging score: crime (F), weather (D-), education (F), employment (F) and housing (D).
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Niagara Falls has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Some of the notable things to do include: Niagara Falls, Cave of the Winds, and Maid of the Mist.
Assuming that Niagara Falls meets all of your requirements, the next most important item to examine is the affordability of real estate in Niagara Falls. Everything else becomes a lot less important if it turns out that home prices in Niagara Falls are simply unattainable. The median home price for Niagara Falls homes is $69,200, which is 75.8% lower than the New York average. If we take a closer look at the affordability of homes in Niagara Falls, we’ll see that the home price to income ratio is 2.1, which is 55.3% lower than the New York average. Year over year appreciation rates for homes in the Niagara Falls area were 12.3% and the 5 year appreciation rates came in at 5%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.
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