Buffalo, MN vs Richfield, MN

Buffalo is moderately more affordable than Richfield, with a 9.6% lower cost of living index. Buffalo scores 93 compared to 103 for Richfield, where the US average is 100. This difference means residents of Richfield can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Buffalo is $1,111/month compared to $1,334/month in Richfield — a 17% difference. Home values follow the same pattern: Buffalo is more affordable at $281,900 median vs $320,400.

Median household income in Buffalo is $88,306 compared to $84,055 in Richfield (+5.1%). Buffalo offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Buffalo spend roughly 15.1% of their income on rent, less than the 19% in Richfield.