Buffalo is a city in New York state in USA with a population of 255805 residents.. The poverty rate of Buffalo is 28.3%, which is 102% higher than national average. The typical household in Buffalo earns $39677 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 8 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 58.9% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Buffalo, only 87% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Buffalo remained 7.6%, which is 62% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Buffalo, only 29% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Buffalo is 84, which is 16% lower than national average. Median home value in Buffalo is $101000 , which is 56% lower than national average. While median income in Buffalo remained $39677, which is 41% lower than national average.