New York vs Buffalo: Cost of Living & Housing Comparison
New York's median home value is $732,100 — 454% higher than Buffalo's $132,100.
Median household income is $76,607 in New York versus $46,184 in Buffalo.
Typical rent runs $1,714 in New York and $942 in Buffalo.
| Metric | New York, NY | Buffalo, NY |
|---|---|---|
| Population | 8,622,467 | 276,688 |
| Median home value | $732,100 | $132,100 |
| Median household income | $76,607 | $46,184 |
| Median gross rent | $1,714 | $942 |
| Climate risk (FEMA) | Relatively High | Relatively High |
On housing costs, Buffalo, NY looks more affordable than New York, NY — lower median home value and rent. This reflects housing only, not total cost of living.
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Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index
Data last updated July 2026.