Thinking about moving to Buffalo?
You’ll be in good company. Between 2010 and 2016, more than -4,408 people have moved to Buffalo, an increase of -1.7%. New residents are attracted to Buffalo’s .
Buffalo is home to 256,902 Buffalonian. With an area of 40.4 square miles, Buffalo has a population density of 6,359 persons per square mile, which makes it more dense than many other cities of comparable size.
The Buffalo-Cheektowaga-Niagara Falls, NY Metropolitan Statistical Area boasts a population of 1,132,804 people, of which Buffalo proper’s population makes up 23%.
Affordable housing is one of best things Buffalo has going for it. The median home value in Buffalo is $67,400, -66% below the US median value, according to Zillow.The median price per square foot in Buffalo is $57. Over the past 5 years, home values in Buffalo have increased by 2%.
Renters in Buffalo will also have an easy time finding affordable housing. The median rent in Buffalo is $895 per month, which is 37% lower than the US median. Over the past year, rental rates in Buffalo have increased by 4.1%.
Buffalo’s economy has been a bit sluggish over the past few years. The Buffalo metro area’s GDP grew by 15% between 2011 and 2016, from $50.5 billion in 2011 to $58.0 billion in 2016, a total increase of $7.5 billion. The metro area has a per capita GDP of $51,255. According to the US Census Bureau, the median household income in Buffalo is $50,962, 14% lower than the national median. Buffalo’s unemployment rate is 5.1%.
The average annual temperature in Buffalo is 48.25 degrees. The average annual low temperature is 40.2 degrees, while the average annual high is 56.3 degrees. Buffalo’s hottest month is July, during which the average high temperature is 80 degrees, while the coldest month is January, when the average low drops down to 19 degrees.
Buffalo sees an average rainfall of 40.47 inches per year. November is the wettest month, with an average rainfall of 4.02 inches, while February is the dryest month, with an average rainfall of 2.48 inches.
Buffalo does have some problems with violent crime, with a violent crime rate of 1,119 incidents per 100,000 persons according to the FBI, a higher rate than average. Property crime rates in Buffalo are relatively high, with a rate of 4,330 incidents per 100,000 persons, a higher rate than average.
Traffic & Transportation
Traffic is not as big of a problem in Buffalo as it is in many other US cities. According to a survey conducted by INRIX, the average commuter in Buffalo spends 15.7 hours in traffic each year, with about 6% of their time commuting in a traffic jam, a lower portion than average among US cities.
Walk Score gives Buffalo a 68 walk score, a 50 transit score, and a 54 bike score.
Cost of Living
Buffalo is a relatively affordable place to live with a low cost of living. According to the Bureau of Economic Analysis‘s Regional Price Parity survey, which takes into account cost of living metrics including the price of goods and services and housing, Buffalo has a regional price parity of 102.3, -6.6% below the average for US metro areas.
The median age in Buffalo is 40.7 years. 48.3% of the population in the Buffalo metro area is male, while 51.7% is female. 5.9% of the metro population is foreign born.
In terms of racial demographics, Buffalo is 44% Non-Hispanic White, 11.5% Hispanic, 36.5% Black, and 5% Asian.
82% of those over the age of 25 in Buffalo have a high school diploma, a lower rate than nationally. 24% of those over the age of 25 have a bachelor’s degree, which is lower than the national rate. 11% of residents have an advanced or professional degree.
In the 2016 presidential election, 45% of Buffalo voters voted for the Republican nominee, while 51% voted for the Democratic nominee.