Cost of Living in Buffalo, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.7
100 = national avg
-13.3 vs national average
Living Wage (1 Adult)
$38,156
per year
Living Wage (Family of 4)
$90,188
per year
Cost Index by Category
Housing96.0
Food86.7
Transportation73.5
Healthcare89.4
Utilities91.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,139
per month
2 Bedroom
$1,343
per month
The overall cost of living index in Buffalo is 86.7, which is 13.3% below the national average. Housing costs are below the national average at an index of 96.0. A single adult needs to earn approximately $38,156 per year to cover basic expenses.