Buffalo, IL is a wonderful place to live with its low cost of living thanks to its affordable 2 bedroom rent at $1,040 which is much lower than the US average of $1,430. The Grocery Cost Index in Buffalo is also very low at 94 versus 100 in the US. This means that residents will be able to save money on buying groceries compared to other areas. Buffalo is home to a variety of local businesses such as Cappos Pizzeria which serves delicious Italian food, and In The Air Hair Salon who offer quality beauty services. There is something for everyone in this small town and its friendly people make it a great place to call home.
Buffalo has an unemployment rate of 6.3%. The US average is 6.0%.
Buffalo has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Buffalo
- The Sales Tax Rate for Buffalo is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Buffalo is 5.0%. 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 $31,029 a year. The US average is $37,638 a year.
- The Median household income of a Buffalo resident is $55,500 a year. The US average is $69,021 a year.