Buffalo Center, IA is a small town in Iowa. It has a population of 874 people and provides a peaceful environment for its inhabitants. The cost of living in Buffalo Center is considerably lower than that of the US as evidenced by the 2 Bedroom Rent rate which is $790 compared to $1,430 across the US. Similarly, Grocery Cost Index rates are 92 in Buffalo Center versus 100 in the US. This makes it one of the most affordable places to live in Iowa. There are several local companies that provide employment opportunities such as Dutchland Electric Corporation, Miller Milling Company and Deboer Steel Corporation. Residents benefit from lower taxes due to these local businesses providing jobs and economic stability to the community. All-in-all, Buffalo Center is an affordable place to live with all of the amenities of a larger city nearby while still enjoying small town living.
Buffalo Center has an unemployment rate of 4.1%. The US average is 6.0%.
Buffalo Center has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Buffalo Center
- The Sales Tax Rate for Buffalo Center is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Buffalo Center is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Buffalo Center
- The average income of a Buffalo Center resident is $25,787 a year. The US average is $28,555 a year.
- The Median household income of a Buffalo Center resident is $45,938 a year. The US average is $69,021 a year.