Buffalo, KY is a small community located in Warren County with easy access to major highways. It is known for its low cost of living and is an ideal place for families looking to save money each month. The average 2 bedroom rent rate is $890 per month far below the national average of $1,430. Additionally, the Grocery Cost Index in Buffalo, KY has been measured at 94 compared to 100 at the national level. For those looking to make their dollar stretch further, Buffalo, KY is a great place to consider.
The economy in Buffalo, KY is primarily supported by local businesses including the Buffalo Quick Stop convenience store and restaurant, Warren Co-op Gas Station & Repair shop and Liberty Family Restaurant & Catering. These establishments provide goods and services that help keep the community running smoothly while providing employment opportunities for residents.
Buffalo has an unemployment rate of 4.9%. The US average is 6.0%.
Buffalo has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Buffalo
- The Sales Tax Rate for Buffalo is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Buffalo is 5.8%. 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 $16,532 a year. The US average is $37,638 a year.
- The Median household income of a Buffalo resident is $0 a year. The US average is $69,021 a year.