Cost of Living in Buffalo, MO
Housing
The housing market plays a significant role in determining the cost of living in Buffalo, MO.
- Housing Index: 89.1 / 100
- Median Home Price is: $201,000
- Average Rent (2 BR Apartment): $1340 per month
- Average Rent (2 BR House): $1457 per month
When considering a move to Buffalo, MO, it's important to note the current housing climate. The median home price stands at 201000. However, with a housing index of 89.1, this indicates limited activity or availability in the housing market, potentially suggesting a more affordable range. Bear in mind the lack of rent data for 2BR apartments and houses, which complicates the rental landscape's analysis. Overall, if purchasing a home is on your radar, this could be an opportune time, assuming the market reflects a growing future.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Buffalo, MO.
- Electricity Price: $14.64 USD (median by state)
- Natural Gas Price: $23.25 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $234 per month
Living in Buffalo, MO could entail higher utility costs. Electricity costs sit at $14.64, while natural gas is priced at $23.25 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $234 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Buffalo is a financially viable option for your relocation.