Zip Code in Western New York Breaks ‘Money’ Record

There is a zip code in Western New York that has broken a record for the first time ever for the Buffalo area.

Where do you think the richest people in Western New York living? Orchard Park? Lewiston? Clarence?

The Business Journals Wealthy 1000 ranks the richest zip codes in America. As you can imagine a ton of them are in California or by New York City, but one of the richest in the United States is right here in Western New York.

• ZIP 14032 in Clarence Center ranks at No. 938
• population of 10,572
• an income per capita of $70,344
• typical home value of $521,998

The inaugural Wealthy 1000 used data from the U.S. Census Bureau, the 2022 American Community Survey and Zillow Group Inc. The formula analyzed income, home equity, estimated savings, poverty rates and population density to identify areas with the greatest concentration of wealth.

The ranking also included a minimum threshold of $70,000 of per-capita income, to eliminate ZIP codes with high population density but otherwise lower income levels coupled with relatively high poverty rates", according to Buffalo Business First.

READ MORE: Housing in Western New York is absolutely insane lately. The prices of everything is expensive, but housing is specifically up. If you want to rent in Western New York, prices are up almost 40%. There is a 2 bedroom apartment in Williamsville that is being rented out for over 2,400 dollars month.

In the Month of May 2024, the average sale price of a home in the Western New York area hit a high of about $290,000. That beats every month in the past 12 except for 2. On average, if you sold a house in the past 30 days, you are getting about 6% more than you are asking. That 6% stat has been consistent for the past 18 months.