Buffalo, Illinois is a vibrant community located in Sangamon County. With a population of 62515 residents, Buffalo is a bustling small city with plenty to offer. The average two-bedroom rent in Buffalo is $1,000, which is much lower than the national average of $1,430. Furthermore, the Grocery Cost Index in Buffalo is 94 compared to 100 nationally. This makes Buffalo an attractive and affordable place to live for many people.
The local economy in Buffalo is supported by diverse businesses and organizations. Health Care Resource Group (HCRG) provides healthcare staffing services across the United States. Springfield Electric Company supplies electrical materials and services in the area while Immel Construction specializes in civil engineering projects. Additionally, DeFazio Industries produces metal components for large-scale industrial applications. These companies are all essential to keeping the economy of Buffalo running smoothly and providing employment opportunities for its citizens.
Buffalo (zip 62515) has an unemployment rate of 6.3%. The US average is 6.0%.
Buffalo (zip 62515) 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 (zip 62515)
- The Sales Tax Rate for Buffalo (zip 62515) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Buffalo (zip 62515) 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 (zip 62515)
- The average income of a Buffalo (zip 62515) resident is $34,791 a year. The US average is $37,638 a year.
- The Median household income of a Buffalo (zip 62515) resident is $86,667 a year. The US average is $69,021 a year.