Buffalo, New York is an affordable place to live. Rent for a two-bedroom apartment in the city averages around $1,030 per month, which is significantly lower than the U.S. average of $1,430 for similar accommodations. The cost of groceries in Buffalo is also low compared to other parts of the country, with a Grocery Cost Index of 99 versus 100 in the US.
Buffalo is home to numerous local businesses and organizations such as Rich Products Corporation, M&T Bank, Delaware North Companies Sportservice and Buffalo Bills football team. Other companies include Moog Inc., Kaleida Health and Catholic Health Systems. Additionally, several higher learning institutions are located here such as University at Buffalo and Canisius College.
Buffalo has an unemployment rate of 9.5%. The US average is 6.0%.
Buffalo has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Buffalo
- The Sales Tax Rate for Buffalo is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Buffalo is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Buffalo
- The average income of a Buffalo resident is $27,157 a year. The US average is $37,638 a year.
- The Median household income of a Buffalo resident is $42,186 a year. The US average is $69,021 a year.