Buffalo, SC Economy


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Buffalo, SC is a small town located in the heart of South Carolina’s countryside. It has a population of just over 900 people and is known for its beautiful landscapes and friendly atmosphere. Renting a two-bedroom apartment in Buffalo, SC costs approximately $690, which is significantly less than the U.S. average of $1,430 per month. The Grocery Cost Index for Buffalo, SC is 92 versus 100 in the US, making groceries more affordable as well.
Local companies in Buffalo, SC are mainly small businesses such as ranching supply stores, farming equipment stores and small restaurants. For instance, JB's Ranch Supply offers everything from horse saddle blankets to farm tools and livestock feed while Don's Discount Meats provides quality fresh meats at an affordable price for local customers. Other local businesses include Lissa's Restaurant & Bakery which serves home-cooked meals and homemade pies as well as BW Creative Arts Center that promotes art classes and workshops for all ages.

Buffalo has an unemployment rate of 7.5%. The US average is 6.0%.

Buffalo has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.

Tax Rates for Buffalo
- The Sales Tax Rate for Buffalo is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Buffalo is 7.0%. 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 $15,098 a year. The US average is $28,555 a year.
- The Median household income of a Buffalo resident is $28,523 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBuffalo, South CarolinaUnited States
  7.56
  -1.7%-6.2%
  34.3%33.5%
  7.0%6.2%
  7.0%4.6%
  $15,984$37,638
  $28,523$69,021
  $41,786$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  12.4%10.0%
  0.0%2.5%
  28.1%11.0%
  9.0%4.8%
  5.6%0.8%
  0.0%1.9%
  1.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  4.6%4.2%
  0.0%9.3%
  30.5%14.0%
  0.0%2.1%
  0.0%7.0%
  3.4%4.8%
  5.4%4.7%
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