Living in Buffalo, Illinois
Cost of living, income, home prices, rent and demographics of Buffalo · Census data 2020–2024
Buffalo has 482 residents with a median age of 45.9. The median household income is $56,250 (33% lower than the Illinois median), the median home value is $112,100, the median rent is $533/month.
Buffalo is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Buffalo at a glance
- Population
- 482
- Median age
- 45.9State: 39
- Median household income
- $56,250State: $83,390
- Median home value
- $112,100State: $263,300
- Median rent
- $533/moState: $1,274
- Homeowners
- 69.5%
- Bachelor's degree or higher
- 25.6%
- Average commute
- 24 min
Is Buffalo a good place to live?
Pros: Home values 57% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 33% lower than the Illinois median; unemployment of 6.1%; a poverty rate of 16.6%.
The weather is best in May–June and August–September.
Cost of living in Buffalo
Housing is the biggest part of the cost of living. In Buffalo the median home value is $112,100, 66% lower than the U.S. median. Renters pay a median of $533 per month, which is 36.1% of household income. Homeowners with a mortgage pay $1,325 a month in housing costs.
Buffalo median household income
The median household income in Buffalo is $56,250 and the income per person is $33,113. 16.6% of residents live below the poverty line (Illinois: 11.8%).
Housing in Buffalo: homes for sale and rent
- Housing units
- 219
- Owner-occupied
- 69.5%
- Renter-occupied
- 30.5%
- Vacant
- 10%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.45
Buffalo demographics
- Population
- 482
- Median age
- 45.9
- Under 18
- 23%
- 65 and older
- 23.2%
- Households
- 197
- Foreign-born
- 6.6%
- Veterans
- 8.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Buffalo ›
Education in Buffalo
25.6% of adults 25 and older in Buffalo have a bachelor's degree or higher (Illinois: 37.8%), and 11% have a graduate or professional degree.
Jobs and commute in Buffalo
- Unemployment rate
- 6.1%State: 5.8%
- Average commute
- 24 minState: 28 min
- Work from home
- 14%
- Drive alone
- 79.8%
- Public transit
- 0%
- Walk to work
- 2.6%
- Homes with broadband
- 86.8%
Buffalo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Buffalo | 482 | $56,250 | $112,100 | $533 |
| Dawson | 536 | $76,339 | $91,000 | $850 |
| Mechanicsburg | 728 | $93,125 | $188,800 | $958 |
| Riverton | 3,513 | $80,920 | $152,200 | $981 |
| Spaulding | 879 | $105,114 | $220,500 | $698 |
| Illiopolis | 890 | $63,125 | $100,800 | $663 |
| Rochester | 3,766 | $117,118 | $238,900 | $1,288 |
| Mount Auburn | 399 | $43,333 | $84,800 | $1,175 |
| Williamsville | 1,314 | $106,731 | $199,300 | $943 |
More for people moving to Buffalo
Buffalo ZIP code ›Weather and climate ›Living in Buffalo: FAQ
What is the median household income in Buffalo, IL?
The median household income in Buffalo is $56,250, 33% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Buffalo?
The median home value in Buffalo is $112,100, compared with $263,300 in Illinois.
How much is rent in Buffalo?
The median gross rent in Buffalo is $533 per month, about 36.1% of household income.
Is Buffalo, IL a good place to live?
Pluses: home values 57% lower than the state median; an average commute of 24 minutes. Minuses: median household income 33% lower than the Illinois median; unemployment of 6.1%; a poverty rate of 16.6%.
What is the median age in Buffalo?
The median age in Buffalo is 45.9 years (Illinois: 39).
How long is the commute in Buffalo?
The average commute to work in Buffalo is 24 minutes; 14% of workers work from home.
What is the unemployment rate in Buffalo?
The unemployment rate in Buffalo is 6.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Buffalo?
25.6% of adults in Buffalo have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: