Housing costs in Buffalo?
A typical home costs
$339,400, which is 0.4% more expensive than the national average of
$338,100 and 9.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Buffalo costs
$1,340 per month, which is 6.3% cheaper than the national average of
$1,430 and 7.5% more than the state average of
$1,240.
Can I afford Buffalo?
To live comfortably in Buffalo, Minnesota, a minimum annual income of
$65,160 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Buffalo?
The cost of living in Buffalo, MN is relatively affordable compared to some of the larger cities in Minnesota and the surrounding states. Home prices are typically budget-friendly with the median home value just over $180,000, and the median household income is around $62,000. Groceries, health care costs, and transportation expenses are also significantly lower than the national average. Other areas such as entertainment, dining out, and clothing can also be found at a reasonable price. It's no wonder why many people choose to make Buffalo their home!