Cost of Living in University at Buffalo, NY

D-
2%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
19%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index University at Buffalo New York National
Cost of living102117100
Goods & Services94108100
Groceries97102100
Health care101103100
Housing119145100
Transportation95105100
Utilities94100100
New Real Estate Listings in University at Buffalo Area
Search
Search Homes for Sale in University at Buffalo, NY
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in University at Buffalo is 13% lower than the New York average
  • The cost of living in University at Buffalo is 2% higher than the national average
  • University at Buffalo housing is 19% higher than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around University at Buffalo

See all the best places to live around University at Buffalo

Compare University at Buffalo, NY Cost of Living

      vs
      How would you rate the cost of living in University at Buffalo?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in University at Buffalo?
      Write a review to give others more information about this area.
      See all University at Buffalo poll results

      The best places in New York

      Here are the best places to live in New YorkMost Dangerous States In The USThese are the largest cities in New YorkSee the best places to live in University at Buffalo

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$0$0$0$0
      Renters$21,103$1,759$492$633
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in University at Buffalo, NY, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In University at Buffalo, homeowners have a median income of $0. Using that number, a maximum of $0 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $21,103, which means there is a maximum of $492 to be spent on the costs of renting a home or apartment.

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Goods & Services

      Item University at Buffalo National avg. Difference
      Haircut $21.65$24.2610.8%
      Beauty Salon $53.07$45.5616.5%
      Toothpaste $3.61$3.702.5%
      Shampoo $1.30$1.281.8%
      Movie $12.76$12.135.2%
      Bowling $14.60$18.0018.9%

      Groceries

      Item University at Buffalo National avg. Difference
      Ground Beef $6.16$5.845.5%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.67$4.670.0%
      Potatoes $5.26$4.936.5%
      Pizza $10.99$12.099.1%
      Beer $10.47$10.410.6%

      Health Care

      Item University at Buffalo National avg. Difference
      Optometrist $75.93$125.6839.6%
      Doctor $103.92$135.7823.5%
      Dentist $149.67$113.2932.1%
      Ibuprofen $10.42$10.652.2%
      Lipitor $464.18$468.600.9%

      Housing

      Item University at Buffalo National avg. Difference
      Home Price $0.00$184,700.00100.0%
      Avg. Mortgage Payment $2,421.64$2,346.693.2%
      Apartment Rent $1,125.00$949.0018.5%

      Transportation

      Item University at Buffalo National avg. Difference
      Gasoline $3.46$3.460.1%
      Tire Balancing $48.79$59.9218.6%

      Utilities

      Item University at Buffalo National avg. Difference
      All Electricity $173.44$193.9910.6%
      Phone $195.54$192.251.7%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      South Lockport, NY8,3448020.4%
      Niagara Falls, NY47,9788218.5%
      Sloan, NY3,5478316.8%
      Tonawanda city, NY14,9918416.5%
      Lockport, NY20,4208415.7%
      University at Buffalo, NY6,0791022.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Pass Christian, MS6,079982.1%
      Exton, PA6,07913231.8%
      Newberry, FL6,081972.7%
      Pictou, Subd. B, NS6,082n/a 
      Sainte-Martine, QC6,075n/a 
      University at Buffalo, NY6,0791022.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2024