Cost of Living in Buffalo, NY
2024 data from the Bureau of Economic Analysis
Cost Index
95.8
4.2% below avg
Housing Index
81.0
Median Income
$67,638
Median Rent
$956/mo
Cost Breakdown
Overall95.8 (-4.2%)
Housing81.0 (-19.0%)
Goods99.7 (-0.3%)
Utilities129.5 (+29.5%)
Other Services97.8 (-2.2%)
National average = 100
Income & Housing
Median Household Income
$67,638/year
Median Home Value
$190,900
Median Monthly Rent
$956/mo
Per Capita Income
$39,129/year
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Frequently Asked Questions
Is Buffalo, NY expensive to live in?
Buffalo, NY has a cost of living index of 95.8, which is 4.2% below the national average.
How much does housing cost in Buffalo, NY?
Housing costs in Buffalo, NY are indexed at 81.0 compared to the national average of 100. The median monthly rent is $956.
What is the average income in Buffalo, NY?
The median household income in Buffalo, NY is $67,638 per year.
What is the average home price in Buffalo, NY?
The median home value in Buffalo, NY is $190,900.