A-
Overall 17%
Goods & Services 2%
Housing 50%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexBuffaloNew YorkNational
Cost of living83117100
Goods & Services98108100
Groceries96108100
Health care85101100
Housing50145100
Transportation98102100
Utilities9697100

Key findings

  • The cost of living in Buffalo is 30% lower than the New York average
  • The cost of living in Buffalo is 17% lower than the national average
  • Buffalo housing is 50% lower than the national average
  • New York general sales tax is 21% lower than the national average
  • New York state income tax is 62% higher than the national average

Most Affordable Places to Live in and Around Buffalo

See all the best places to live around Buffalo

Compare Buffalo, NY Cost of Living

      vs
      How would you rate the cost of living in Buffalo?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Buffalo?
      Write a review to give others more information about this area.
      See all Buffalo poll results

      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

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$52,050$4,338$1,214$1,562
      Renters$22,316$1,860$521$670
      A good way to judge both the affordability of the housing and the cost of living in Buffalo is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Buffalo has a median income of about $52,050 for people who own homes. Based on that number, a maximum of $1,214 should be spent on expenses related to housing. Renters have a slightly different median income, which is $22,316. Based on this average, renters should spend no more than $521 on all rental costs if they want to maintain a non-impoverished standard of living.

      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%

      Goods & Services

      ItemBuffaloNational avg.Difference
      Haircut $16.96$17.493.0%
      Beauty Salon $36.14$38.175.3%
      Toothpaste $1.89$2.3218.6%
      Shampoo $0.92$1.019.1%
      Movie $10.74$10.720.1%
      Bowling $14.00$13.861.0%

      Groceries

      ItemBuffaloNational avg.Difference
      Ground Beef $3.43$3.9012.0%
      Fried Chicken $1.44$1.403.2%
      Milk $1.77$1.969.8%
      Potatoes $3.74$3.1817.5%
      Pizza $9.99$10.393.9%
      Beer $9.49$9.232.8%

      Health Care

      ItemBuffaloNational avg.Difference
      Optometrist $63.60$106.3440.2%
      Doctor $84.00$115.2527.1%
      Dentist $84.92$98.3813.7%
      Ibuprofen $8.61$9.267.0%
      Lipitor $491.65$466.475.4%

      Housing

      ItemBuffaloNational avg.Difference
      Home Price $72,600.00$184,700.0060.7%
      Avg. Mortgage Payment $1,354.63$1,273.326.4%
      Apartment Rent $710.00$949.0025.2%

      Transportation

      ItemBuffaloNational avg.Difference
      Gasoline $2.80$2.597.9%
      Tire Balancing $41.64$48.9014.8%

      Utilities

      ItemBuffaloNational avg.Difference
      All Electricity$152.08$167.609.3%
      Phone $186.50$163.4214.1%
      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.
      Niagara Falls, NY49,18082-18%
      Sloan, NY3,60682-18%
      Lackawanna, NY17,99283-17%
      Blasdell, NY2,61684-16%
      Tonawanda city, NY14,99185-15%
      Buffalo, NY258,98983-17%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Chula Vista, CA260,59813838%
      Fort Wayne, IN260,95484-16%
      Jersey City, NJ261,66614141%
      Orlando, FL263,30695-5%
      St. Petersburg, FL253,58595-5%
      Buffalo, NY258,98983-17%
      Source: The Buffalo, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.