University at 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.
IndexUniversity at BuffaloNew YorkNational
Cost of living index105120100
IndexUniversity at BuffaloNew YorkNational
Goods & Services index92110100
Groceries index95105100
Health care index8499100
Housing index133149100
Transportation index98111100
Utilities index89102100
The above illustration supplies generalized information for the University at Buffalo, NY cost of living index. Compared to other cities in New York and cities across the country, the cost of living index in University at Buffalo, NY is 105, which is 13% lower than the New York average and 5% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in University at Buffalo, NY are 17% lower than the average for New York and 8% lower than the rest of the country.

Did you know?

  • The cost of living in University at Buffalo is 13% lower than the New York average.
  • The cost of living in University at Buffalo is 5% higher than the national average.
  • The cost of housing in University at Buffalo is 33% higher than the national average.
  • New York general sales tax is 21% lower than the national average.
  • New York state income tax is 80% higher than the national average.

Find Real Estate Listings In University at Buffalo

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In University at Buffalo

Compare University at Buffalo, NY Cost of living To Other Cities

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 allows you to compare how much your current salary in University at Buffalo, NY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than University at Buffalo, NY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The University at Buffalo, NY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$0$0$0$0
Renters$7,500$625$175$225
How much of your monthly income goes to housing can tell you whether or not you can afford housing in University at Buffalo, NY, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In University at Buffalo, NY homeowners have a median income of $0. Using that number, you will come up with a maximum of $0 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $7,500, which means there is a maximum of $175 to be spent on the costs of renting a home or apartment.

New York Sales Tax

StateGeneral Sales TaxWith Max Surtax
New York4%8.875%

New York Income Tax

StateIncome Tax (Low)Income Tax (High)
New York4%8.82%
The New York sales tax and New York income tax rates should definitely be considered when determining the overall cost of living in University at Buffalo, NY. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New York sales tax is 4% and the maximum surtax is 8.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

ItemUniversity at BuffaloNational avg.Difference
Haircut $14.90$15.564.3%
Beauty Salon $30.83$36.1114.6%
Toothpaste $1.99$2.4719.4%
Shampoo $0.89$0.968.1%
Movie $10.42$10.132.9%
Bowling $3.42$4.7427.7%

Groceries

ItemUniversity at BuffaloNational avg.Difference
Ground Beef $3.69$3.987.3%
Fried Chicken $1.30$1.417.8%
Milk $1.93$2.066.3%
Potatoes $2.52$2.9815.5%
Pizza $9.99$9.475.5%
Beer $8.28$8.795.8%

Health Care

ItemUniversity at BuffaloNational avg.Difference
Optometrist $58.53$101.0442.1%
Doctor $85.33$107.4420.6%
Dentist $70.70$90.4221.8%
Ibuprofen $8.70$9.286.2%
Lipitor $439.17$426.503.0%

Housing

ItemUniversity at BuffaloNational avg.Difference
Home Price $0.00$175,700.00100.0%
Avg. Mortgage Payment $1,278.38$1,133.2312.8%
Apartment Rent $1,220.00$920.0032.6%

Transportation

ItemUniversity at BuffaloNational avg.Difference
Gasoline $2.10$1.995.4%
Tire Balancing $37.55$45.7617.9%

Utilities

ItemUniversity at BuffaloNational avg.Difference
All Electricity$134.14$163.8118.1%
Phone $28.22$28.390.6%
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.
Niagara Falls, NY49,67979-21%
Buffalo, NY259,95980-20%
South Lockport, NY8,25580-20%
Sloan, NY3,64280-20%
Lackawanna, NY18,03781-19%
University at Buffalo, NY6,0581055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Oroville, CA6,05899-1%
Trenton, MO6,05883-17%
Zephyrhills South, FL6,05981-19%
Byron Center, MI6,05799-1%
Peoria Heights, IL6,05687-13%
University at Buffalo, NY6,0581055%
Source: The University at Buffalo, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.