Buffalo, MO is a great place to live and work due to its low cost of living. With a two bedroom rent coming in at only $750 per month, it's significantly lower than the US average of $1430. Similarly, the grocery cost index in Buffalo, Missouri is 94 compared to the US average of 100. This means that residents in Buffalo can expect to spend less on groceries than almost anywhere else in the US. Additionally, many local businesses offer competitively priced goods and services, such as the Pizza Hut located downtown or Oak Street Discount Grocery Store for discounted food items. With great job opportunities available, Buffalo can be an ideal city for those who want to save money while living comfortably.
Buffalo has an unemployment rate of 4.6%. The US average is 6.0%.
Buffalo has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Buffalo
- The Sales Tax Rate for Buffalo is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Buffalo is 5.9%. 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 $21,086 a year. The US average is $37,638 a year.
- The Median household income of a Buffalo resident is $24,459 a year. The US average is $69,021 a year.