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New York, NY vs Buffalo, NY: Cost of Living

Compare the cost of living between New York, NY and Buffalo, NY. See the equivalent salary and median rent powered by BLS Regional Price Parities.

Source-verified · June 2026BEA Regional Price Parities by MSA, 2022 (Table 4); HUD FY2024 Fair Market Rents (2-BR) Official source ↗
Source-verified · June 2026BEA Regional Price Parities by MSA, 2022 (Table 4); HUD FY2024 Fair Market Rents (2-BR) Official source ↗

New York, NY

NY

Overall RPP (US=100)
113
Housing RPP
154.2
Goods RPP
107.6
2-BR median rent
$2,752/mo

NY state income tax 4%-10.9% + NYC city tax up to 3.876% for city residents.

Buffalo, NY

NY

Overall RPP (US=100)
93.9
Housing RPP
78.7
Goods RPP
96.4
2-BR median rent
$1,163/mo

New York state income tax 4%-10.9%.

Equivalent salary

Buffalo, NY is cheaper than New York, NY by about 16.9% (RPP 113 to 93.9).

$60,000 in New York, NY

-> $49,858

in Buffalo, NY

$100,000 in New York, NY

-> $83,097

in Buffalo, NY

$150,000 in New York, NY

-> $124,646

in Buffalo, NY

This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.

Migration signal: New York, NY vs Buffalo, NY

IRS tax-return migration · 2021-2022

New York, NY

Net people
−242,855
Net rank
#65 of 65
Top origin share
1%
Top destination share
1%

Largest source: Los Angeles County, CA. Largest destination: Palm Beach County, FL.

Buffalo, NY

Net people
−3,749
Net rank
#40 of 65
Top origin share
5%
Top destination share
3%

Largest source: Queens County, NY. Largest destination: Monroe County, NY.

Rent delta: Buffalo, NY is $1,589/mo lower for HUD FY2024 2-BR FMR than New York, NY. Housing RPP moves from 154.2 to 78.7.

Migration figures are derived from IRS SOI county-to-county migration data for 2021-2022, mapped to metros via Census CBSA delineation. Small county-to-county flows are IRS-suppressed, so per-metro totals are lower bounds. Source: IRS SOI migration data.

Frequently asked questions

Is Buffalo, NY cheaper or more expensive than New York, NY?
Buffalo, NY (RPP 93.9) is cheaper than New York, NY (RPP 113) by about 16.9%.
What salary do I need in Buffalo, NY if I earn $100,000 in New York, NY?
You would need approximately $83,097 in Buffalo, NY to maintain the same purchasing power as $100,000 in New York, NY. Formula: $100,000 x (93.9 / 113).
Which metro had stronger net migration, New York, NY or Buffalo, NY?
For 2021-2022, New York, NY had a net loss of 242,855 people, while Buffalo, NY had a net loss of 3,749 people. IRS small-flow suppression means these are lower-bound research signals, not complete population-change totals.

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