Buffalo cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBuffaloWyomingNational
Cost of living index9596100
IndexBuffaloWyomingNational
Goods & Services index9191100
Groceries index9797100
Health care index101101100
Housing index100101100
Transportation index8787100
Utilities index100100100
Displayed above is a general overview of the Buffalo, WY cost of living index. The overall cost of living index in Buffalo, WY is 95, which is equal to the Wyoming average and 5% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Buffalo, WY are equal to the Wyoming average and 9% lower than the national average.

Did you know?

  • The cost of living in Buffalo is equal to the Wyoming average.
  • The cost of living in Buffalo is 5% lower than the national average.
  • The cost of housing in Buffalo is equal to the national average.
  • Wyoming general sales tax is 21% lower than the national average.
  • Wyoming state income tax is 100% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Buffalo, WY to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Buffalo, WY, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Buffalo, WY salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$59,809$4,984$1,395$1,794
Renters$35,841$2,987$836$1,075
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Buffalo, WY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Buffalo, WY homeowners, is $59,809. This would allow for a maximum of $1,395 per month to be spent on housing costs. For renters, the median monthly income is $35,841 which would result in a maximum of $836 to be spent on rental costs.

Wyoming Sales Tax

StateGeneral Sales TaxWith Max Surtax
Wyoming4%6%

Wyoming Income Tax

StateIncome Tax (Low)Income Tax (High)
Wyoming0%0%
When assessing the complete cost of living in Buffalo, WY, the Wyoming income tax and the Wyoming sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Wyoming maximum surtax is 6%, and the Wyoming sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Wyoming.

Goods & Services

ItemBuffaloNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $31.00$34.6810.6%
Toothpaste $3.39$2.4737.1%
Shampoo $0.91$1.0211.0%
Movie $8.50$9.8713.9%
Bowling $3.00$4.3931.7%

Groceries

ItemBuffaloNational avg.Difference
Ground Beef $4.85$4.488.3%
Fried Chicken $1.09$1.4625.5%
Milk $2.45$2.364.0%
Potatoes $2.15$3.0629.8%
Pizza $10.00$9.248.2%
Beer $8.92$8.633.3%

Health Care

ItemBuffaloNational avg.Difference
Optometrist $134.33$99.7834.6%
Doctor $97.50$105.037.2%
Dentist $89.00$88.700.3%
Ibuprofen $9.27$9.411.5%
Lipitor $310.78$298.504.1%

Housing

ItemBuffaloNational avg.Difference
Home Price $194,200.00$175,700.0010.5%
Avg. Mortgage Payment $962.56$1,081.0311.0%
Apartment Rent $688.00$920.0025.2%

Transportation

ItemBuffaloNational avg.Difference
Gasoline $1.85$2.0911.3%
Tire Balancing $36.65$45.2919.1%

Utilities

ItemBuffaloNational avg.Difference
All Electricity$149.54$170.8012.4%
Phone $33.10$28.2617.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Buffalo, WY4,62095-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Boiling Springs, NC4,61993-7%
Wellsville, NY4,62191-9%
Dansville, NY4,61894-6%
Hancock, MI4,62288-12%
North Oaks, MN4,61715454%
Buffalo, WY4,62095-5%
Source: The Buffalo, WY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.