Cost of Living in Buffalo, OK

With a cost of living index of 60, Buffalo, OK is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 11% below the Oklahoma state average of 71. Buffalo is a small community of 1,244 residents.

Housing costs are the biggest factor in Buffalo's cost of living. The median monthly rent is $693 (47% below the US median of $1,319), and the median home value sits at $89,200 (71% below the national median of $304,900). At current prices, the median home costs roughly 1.3x the median household income — well within traditional affordability guidelines.

The median household income in Buffalo is $69,875, which is 7% lower than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.