Gowanda, NY
Population 2,929 · New York
About Gowanda, NY
Gowanda is a small town located in New York with a population of 2,929 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,946 per year, which is 34% below the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Gowanda features a median home value of $84,700, which is 65% below the national median of $244,900. This makes Gowanda one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $709, 39% below the national average of $1,163/month. Of the 1,306 total housing units, 63% are owner-occupied (719 units) and 37% are renter-occupied (416 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Gowanda shows an unemployment rate of 4.9%, which is near the national rate of 3.7%. The poverty rate stands at 15.5%, above the national average of 12.4%. Workers in Gowanda have an average one-way commute time of 22.4 minutes.
Education & Demographics
10.5% of Gowanda residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 5.7% Hispanic or Latino, 5.8% Black or African American, and 1.5% Asian residents, with 3.4% of the population being foreign-born.
How Gowanda Ranks in New York
Cost of Living in Gowanda, NY
Compared to national averages, Gowanda has a median household income of $49,946 (34% below the national median of $75,149). Home values average $84,700, which is 65% below the national median. Monthly rent at $709 is 39% below the US average of $1,163. Within New York, Gowanda's income is 49% below the state average of $96,987, and home values are 78% below the state median of $387,181.
Why Live in Gowanda, NY?
Gowanda offers affordable housing with a median home value of $84,700, below the US average of $244,900, and rent that’s lower than the national average at $709/month, and short commute times averaging just 22.4 minutes.
Potential considerations include median household income ($49,946) that falls below the national average. However, Gowanda’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gowanda has a population of 2,929 with a median age of 37.4 years. Compare Gowanda with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Gowanda
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Westfield | 2,937 | $43,385 | $91,700 | Compare |
| Florida | 2,915 | $117,083 | $344,900 | Compare |
| Brookville | 2,944 | $250,001 | $2,000,001 | Compare |
| Akron | 2,904 | $45,250 | $197,100 | Compare |
| Cutchogue | 2,903 | $137,581 | $890,700 | Compare |
| Roslyn | 2,955 | $123,725 | $623,800 | Compare |
| Green Island | 2,966 | $70,281 | $137,300 | Compare |
| Great Neck Estates | 2,968 | $211,875 | $1,670,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Gowanda With Other Cities
Frequently Asked Questions about Gowanda
What is the population of Gowanda, NY?
The population of Gowanda, NY is 2,929 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Gowanda?
The median household income in Gowanda, NY is $49,946 per year, which is 34% below the national median of $75,149.
What is the median home value in Gowanda?
The median home value in Gowanda, NY is $84,700, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gowanda?
The median monthly rent in Gowanda, NY is $709, which is 39% below the national average of $1,163/month.
What is the unemployment rate in Gowanda?
The unemployment rate in Gowanda, NY is 4.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gowanda, NY a good place to live?
Gowanda offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,929 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Gowanda, NY?
10.5% of residents in Gowanda aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Gowanda?
Key cost-of-living indicators for Gowanda, NY: median home value is $84,700 (65% below national), median rent is $709/month, and median household income is $49,946. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gowanda?
The poverty rate in Gowanda, NY is 15.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Gowanda, NY?
Gowanda's population is 0.0% White, 5.7% Hispanic or Latino, 5.8% Black or African American, 1.5% Asian, and 1.0% two or more races. 3.4% of residents are foreign-born.