Buffalo, NY is a growing city located in the Western part of the state. According to City-data.com, the estimated median 2 bedroom rent is $1,090, which is significantly lower than the US estimated median of $1,430. This makes Buffalo a great location for those looking for more affordable housing options. The grocery cost index in Buffalo is 95 compared to 100 in the US on average; this implies groceries may be slightly less expensive than other cities.
Local companies like Delaware North and M&T Bank are two of Buffalo’s largest employers providing plenty of job opportunities to residents. There are also many local shops and restaurants in the area such as Wegmans Grocery Store, Pad Thai Cafe, and Elmwood Village Farmers Market that bring cultural diversity and flavor to Buffalo’s neighborhoods. With its low cost of living and plethora of businesses and attractions nestled within its borders, Buffalo has something to offer everyone!
Buffalo (zip 14208) has an unemployment rate of 9.5%. The US average is 6.0%.
Buffalo (zip 14208) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Buffalo (zip 14208)
- The Sales Tax Rate for Buffalo (zip 14208) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Buffalo (zip 14208) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Buffalo (zip 14208)
- The average income of a Buffalo (zip 14208) resident is $22,059 a year. The US average is $37,638 a year.
- The Median household income of a Buffalo (zip 14208) resident is $41,084 a year. The US average is $69,021 a year.