Housing costs in Buffalo?
A typical home costs
$149,500, which is 55.8% less expensive than the national average of
$338,100 and 44.2% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Buffalo costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 11.0% cheaper than the state average of
$910.
Can I afford Buffalo?
To live comfortably in Buffalo (zip 57720), South Dakota, a minimum annual income of
$28,800 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Buffalo?
Living in 57720 Buffalo, SD is relatively inexpensive compared to other areas of the United States. The cost of living index for this area is 87.2, which is lower than the nationwide average of 100. This means that housing costs, food, transportation, and other expenses are all lower in this area than they are nationally. Renting or purchasing a home typically costs much less in Buffalo than it does elsewhere, with the median home price standing at just $146,900 as of 2019. Unemployment here is also low compared to the national average at just 2.9%, providing a good economic climate for those looking to move to this area. All in all, Buffalo provides an affordable cost of living combined with plenty of amenities and outdoor recreational opportunities.