Housing costs in Buffalo?
A typical home costs
$199,700, which is 40.9% less expensive than the national average of
$338,100 and 51.7% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Buffalo costs
$1,020 per month, which is 48.0% cheaper than the national average of
$1,960 and 4.9% cheaper than the state average of
$1,070.
Can I afford Buffalo?
To live comfortably in Buffalo (zip 14220), New York, a minimum annual income of
$38,160 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Buffalo?
The cost of living in 14220 Buffalo, NY is relatively affordable compared to other metropolitan areas. The median home value in the area is $90,700 and the median rent is $841 per month. Additionally, the overall cost of groceries and utilities are lower than the national average which adds to the affordability of living in Buffalo. Despite this affordability, there are still some amenities that are pricier than elsewhere such as transportation and entertainment. However, with a range of options available for both necessities and recreational activities, living in Buffalo can still be an economical choice.