Buffalo, MN
Population 16,388 · Minnesota
About Buffalo, MN
Buffalo is a mid-sized city in Minnesota with a population of 16,388 residents. The median household income is $88,306 per year, which is above the national average. The median age in Buffalo is 38.7 years.
Housing in Buffalo has a median home value of $281,900 and median monthly rent of $1,111. Of the 6,468 total housing units, the majority are owner-occupied, with 4,825 owner-occupied and 1,463 renter-occupied units.
The unemployment rate in Buffalo is 3.5% and the poverty rate is 6.6%. 30.8% of residents hold a bachelor's degree or higher. The average commute time is 27.9 minutes.
Cost of Living in Buffalo, MN
Compared to national averages, Buffalo has a median household income of $88,306 (18% above the national median of $75,149). Home values average $281,900, which is 15% above the national median. Monthly rent at $1,111 is 4% below the US average of $1,163. Within Minnesota, Buffalo's income is 19% above the state average of $74,221, and home values are 38% above the state median of $204,472.
Why Live in Buffalo, MN?
Buffalo offers a strong local economy with a median household income of $88,306, well above the national average, and rent that’s lower than the national average at $1,111/month, and a strong job market with an unemployment rate of just 3.5%. Additionally, the city features a low poverty rate of 6.6%, better than the national average.
Buffalo has a population of 16,388 with a median age of 38.7 years. Compare Buffalo with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Buffalo
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ham Lake | 16,575 | $116,845 | $430,100 | Compare |
| Red Wing | 16,660 | $65,259 | $224,800 | Compare |
| Hibbing | 16,100 | $55,463 | $123,900 | Compare |
| Hugo | 16,076 | $114,057 | $394,200 | Compare |
| Bemidji | 15,490 | $53,850 | $189,500 | Compare |
| Anoka | 17,941 | $75,262 | $292,900 | Compare |
| Hutchinson | 14,629 | $71,730 | $210,300 | Compare |
| Monticello | 14,607 | $81,563 | $298,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Buffalo
What is the population of Buffalo, MN?
The population of Buffalo, MN is 16,388 according to the latest Census data.
What is the median household income in Buffalo?
The median household income in Buffalo, MN is $88,306 per year.
What is the median home value in Buffalo?
The median home value in Buffalo, MN is $281,900.
What is the average rent in Buffalo?
The median monthly rent in Buffalo, MN is $1,111.
What is the unemployment rate in Buffalo?
The unemployment rate in Buffalo, MN is 3.5%.