Zip 55313 (Buffalo, MN) Economy


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Buffalo, MN (55313) is a small city located in the north-central part of Minnesota. The 2 bedroom rent for this area is $1,270 per month which is lower than the US average of $1,430 per month. Grocery Cost Index for Buffalo is also lower than the rest of the US at 100 versus 100. For those looking to live in a smaller community without sacrificing amenities or affordability, Buffalo offers an ideal balance. Local companies in Buffalo include NorthStar Home Improvement, Horseshoe Bar & Grill, and Buffalo Drug Company. Other services include dentists like Dr. Thomas Dental Care and banks like BankVista. With plenty of options for work and leisure within easy reach, Buffalo is an attractive option for those wanting a quieter life surrounded by nature and community spirit.

Buffalo (zip 55313) has an unemployment rate of 4.5%. The US average is 6.0%.

Buffalo (zip 55313) 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 (zip 55313)
- The Sales Tax Rate for Buffalo (zip 55313) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Buffalo (zip 55313) 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 (zip 55313)
- The average income of a Buffalo (zip 55313) resident is $29,958 a year. The US average is $28,555 a year.
- The Median household income of a Buffalo (zip 55313) resident is $82,389 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBuffalo, MinnesotaUnited States
  4.56
  -3.5%-6.2%
  36.1%33.5%
  7.4%6.2%
  7.1%4.6%
  $40,994$37,638
  $82,389$69,021
  $99,319$85,028
  Population by Occupation
  1.8%1.2%
  0.0%0.5%
  11.9%6.8%
  17.2%10.0%
  3.2%2.5%
  11.7%11.0%
  4.6%4.8%
  0.5%0.8%
  0.7%1.9%
  4.7%4.7%
  0.9%1.9%
  4.5%7.6%
  1.1%0.1%
  3.3%4.2%
  8.6%9.3%
  14.1%14.0%
  0.4%2.1%
  5.3%7.0%
  3.9%4.8%
  1.6%4.7%
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