Niagara Falls is a city in New York state in USA with a population of 47978 residents.. The poverty rate of Niagara Falls is 23.5%, which is 68% higher than national average. The typical household in Niagara Falls earns $41137 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 59.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Niagara Falls, only 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Niagara Falls remained 6.5%, which is 38% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Niagara Falls, only 19% of adults have a bachelor's degree and 34% have some college but no degree.

Cost of living in Niagara Falls is 81, which is 19% lower than national average. Median home value in Niagara Falls is $78500 , which is 66% lower than national average. While median income in Niagara Falls remained $41137, which is 39% lower than national average.