Housing costs in Buffalo?
A typical home costs
$504,400, which is 49.2% more expensive than the national average of
$338,100 and 22.0% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Buffalo costs
$1,090 per month, which is 44.4% cheaper than the national average of
$1,960 and close to the state average of
$1,070.
Can I afford Buffalo?
To live comfortably in Buffalo (zip 14202), New York, a minimum annual income of
$96,480 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Buffalo?
The cost of living in 14202 Buffalo, NY is relatively low. According to BestPlaces’s Cost of Living Index, the cost of living in the area is about 15% lower than the national average and 9% lower than the New York state average. Housing expenses are among the most affordable in the state with an average monthly rent for a one-bedroom apartment at around $800, which is substantially lower than the statewide average of $1,200. Grocery costs are also quite reasonable compared to other cities in New York, with products like eggs and milk costing significantly less than in other urban areas. Additionally, utilities such as electricity and water are relatively inexpensive compared to other parts of the country. All in all, 14202 Buffalo is a great place to live for those looking for an affordable cost of living.