Cost of Living in Buffalo, IA
Housing
The housing market plays a significant role in determining the cost of living in Buffalo, IA.
- Housing Index: Data is updating
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the provided data for Buffalo, IA, the housing situation appears remarkably affordable with a median home price of 150000. However, it raises concerns given that both the housing index and rental prices for a 2-bedroom apartment and house are listed as zero. This anomaly might indicate a low demand for rental housing or potential error in data collection. Before making a move, prospective residents should investigate the current real-estate trends further, as low prices sometimes come with trade-offs such as local amenities or job scarcity.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Buffalo, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Buffalo, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable 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.