Auburn is the county seat of Cayuga County. Two square miles within the City of Auburn have received designation as part of New York State's Economic Development Zone (EDZ). This designation provides businesses within the zone the opportunity to take advantage of numerous financial incentives provided by the State. First Niagara Financial Group and Bank of America are the major financial institutions in the area. The average home in Auburn costs $134,704 while the average rent is $565 per month.
