Buffalo, NY Cost of Living (2024): How Expensive Is It?

What Salary Do You Need to Live Comfortably in Buffalo, NY in 2024?

Overall, on average, a gross annual salary of $58,569 is required for an average quality of life in Buffalo, NY.

Is the Cost of Living High in Buffalo, NY?

Buffalo, NY is ranked 107th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the cheaper cities in which to live in the U.S. Buffalo, NY's average monthly rent is 39% lower than the U.S. average cost of rent.

Is $50,000 a Good Salary in Buffalo, NY in 2024?

A gross annual salary of $50,000 in Buffalo, NY will yield an average annual net salary of $43,106. Considering that the total average annual cost of living in Buffalo, NY is $43,172, a gross annual salary of $50,000 will be insufficient to cover average living costs.

How Much Should You Pay for Rent in Buffalo, NY?

The average monthly rent in Buffalo, NY in the city center is $1,107 for a 1 bedroom apartment, $1,404 for a 2 bedroom apartment and $1,700 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $902 for a 1 bedroom apartment, $1,205 for a 2 bedroom apartment and $1,501 for a 3 bedroom apartment.