Buffalo, NY Employment Information

Buffalo Overview Buffalo is a picturesque city located on the eastern banks of Lake Erie and the head of the Niagara ...

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Buffalo Overview

Buffalo is a picturesque city located on the eastern banks of Lake Erie and the head of the Niagara River. It is the principal city of the Buffalo-Niagara Falls metro area, the largest district in Upstate New York, and the second largest city in the state. It began as a small trading town but grew rapidly when the Erie Canal opened in 1825. By the turn of the 20th century, Buffalo was a major railroad hub, the country's largest grain-milling center, and the eighth largest city in the United States. But when the trains were rerouted to the neighboring town of Depew and local manufacturers relocated to Asia, Buffalo began to fall out of favor.

It may be smaller than it once was, but the number of Buffalo, NY jobs in emerging sectors continues to grow. Residents enjoy a cost of living that's 9.9 percent below the national average, which allows them to comfortably afford the median local house price of $129,400. Median household incomes in Buffalo sit at $49,479, a figure which saw Forbes name Buffalo the 10th best place in the United States to raise a family in 2010.

Buffalo Job Opportunities

Despite its manufacturing and trade history, most jobs in Buffalo, NY today are in the financial services, technology, healthcare, and education sectors. M&T Bank and First Niagara Bank have their headquarters in Buffalo, and Bank and America and KeyBank also have corporate operations in the city. A range of debt collectors also call Buffalo home.

The nearby Niagara Falls has created an exciting new hydroelectric power industry in Buffalo. LED technology firm Soraa announced plans for a semiconductor fabrication plant which will create hundreds of new technology jobs in Buffalo. Recent major expansions of the University at Buffalo and Buffalo Niagara Medical Campus have created a greater number of education and healthcare jobs in Buffalo.

Buffalo Employment Trends

While the loss of manufacturing firms saw Buffalo jobs take a knock, the city has gotten back on its feet with recent job growth of 0.5 percent. As other sectors find their feet, annual job growth is projected to hit 1.5 percent over the next few years.

After high unemployment at the turn of the century, Buffalo's jobless rate is now on par with the national average of 6.3 percent. Unemployment rates are much lower than this in the in-demand financial, technological, health and education industries. Find Buffalo jobs today that match your career path.

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