Buffalo, MN is a small town located in Wright County. It has a population of 15,453 and a median household income of $67,201 according to the 2010 census. Buffalo is home to many businesses such as Miller Auto Parts, Countryside Lumber & Supply, and Wendel's Bar & Grill. The cost of living in this area is relatively low, with the average two-bedroom rent being $1,340 compared to the US average at $1,430. The Grocery Cost Index in Buffalo is also about 100 compared to the US average of 100 as well. Buffalo is an ideal place for those looking for an affordable living environment with plenty of amenities to choose from.
Buffalo has an unemployment rate of 4.5%. The US average is 6.0%.
Buffalo has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Buffalo
- The Sales Tax Rate for Buffalo is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Buffalo is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Buffalo
- The average income of a Buffalo resident is $26,837 a year. The US average is $28,555 a year.
- The Median household income of a Buffalo resident is $74,036 a year. The US average is $69,021 a year.