Cost of Living in Buffalo, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
126.8
100 = national avg
+26.8 vs national average
Living Wage (1 Adult)
$55,811
per year
Living Wage (Family of 4)
$131,918
per year
Cost Index by Category
Housing61.5
Food146.2
Transportation192.3
Healthcare136.9
Utilities120.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$785
per month
2 Bedroom
$1,030
per month
The overall cost of living index in Buffalo is 126.8, which is 26.8% above the national average. Housing costs are below the national average at an index of 61.5. A single adult needs to earn approximately $55,811 per year to cover basic expenses.