Niagara Falls has the 615th largest population in the United States. The population shrank by 2.5% from 2010 to 2015, which was slower than the national average. Niagara Falls is part of the Buffalo metro area. Unemployment in the Buffalo area is 4%, which is lower than the national average, and is getting better. Buffalo has the 53rd largest local economy in the US, and a low cost of living. The average pay for jobs in Niagara Falls is below average at $45,060, and the median cost of a home in Niagara Falls is $67,600, which is below the national average. 16% of workers in Niagara Falls hold a bachelors degree or higher (above average), and 85% of workers have a high school degree (above average). Driving to work is especially common in Niagara Falls. 79% of Niagara Falls workers drive to work alone, 3% take public transit, 10% carpool, and 6% walk. People in Niagara Falls spend an average of 17 minutes commuting to work, which is shorter than the national average of 26 minutes.