Cost of Living in Buffalo, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
126.1
100 = national avg
+26.1 vs national average
Living Wage (1 Adult)
$55,462
per year
Living Wage (Family of 4)
$131,093
per year
Cost Index by Category
Housing133.9
Food117.5
Transportation121.3
Healthcare114.0
Utilities117.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Buffalo is 126.1, which is 26.1% above the national average. Housing costs are above the national average at an index of 133.9. A single adult needs to earn approximately $55,462 per year to cover basic expenses.