Housing costs in Buffalo?
A typical home costs
$339,900, which is 0.5% more expensive than the national average of
$338,100 and 9.8% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Buffalo costs
$1,270 per month, which is 2.4% more than the national average of
$1,240 and 10.2% cheaper than the state average of
$1,400.
Can I afford Buffalo?
To live comfortably in Buffalo (zip 55313), Minnesota, a minimum annual income of
$65,160 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Buffalo?
The cost of living in 55313 Buffalo is relatively inexpensive compared to other cities and states. According to Sperling's Best Places, the cost of living index in the city is 83.4, which is lower than the United States average of 100. The cost of housing in Buffalo is much less expensive than the national average, with median rent prices being around $723 per month and median home prices being around $193,400. Additionally, groceries and healthcare costs are below what one would expect to pay nationally. These low costs lead to a high quality of life for those who live within the city limits, allowing them to invest their money in savings or other investments that benefit them financially.