Buffalo Lake, MN
Population 664 · Minnesota
About Buffalo Lake, MN
Buffalo Lake is a small community in Minnesota with a population of 664 residents. The median household income is $56,719 per year, which is near the national average. The median age in Buffalo Lake is 41.2 years.
Housing in Buffalo Lake has a median home value of $106,000 and median monthly rent of $763. Of the 285 total housing units, the majority are owner-occupied, with 174 owner-occupied and 63 renter-occupied units.
The unemployment rate in Buffalo Lake is 5.5% and the poverty rate is 17.4%. 20.1% of residents hold a bachelor's degree or higher. The average commute time is 27.3 minutes.
Cost of Living in Buffalo Lake, MN
Compared to national averages, Buffalo Lake has a median household income of $56,719 (25% below the national median of $75,149). Home values average $106,000, which is 57% below the national median. Monthly rent at $763 is 34% below the US average of $1,163. Within Minnesota, Buffalo Lake's income is 24% below the state average of $74,221, and home values are 48% below the state median of $204,472.
Why Live in Buffalo Lake, MN?
Buffalo Lake offers affordable housing with a median home value of $106,000, below the US average of $244,900, and rent that’s lower than the national average at $763/month.
Potential considerations include median household income ($56,719) that falls below the national average. However, Buffalo Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Buffalo Lake has a population of 664 with a median age of 41.2 years. Compare Buffalo Lake with other cities to see how it stacks up, or explore all cities in Minnesota.
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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 Lake
What is the population of Buffalo Lake, MN?
The population of Buffalo Lake, MN is 664 according to the latest Census data.
What is the median household income in Buffalo Lake?
The median household income in Buffalo Lake, MN is $56,719 per year.
What is the median home value in Buffalo Lake?
The median home value in Buffalo Lake, MN is $106,000.
What is the average rent in Buffalo Lake?
The median monthly rent in Buffalo Lake, MN is $763.
What is the unemployment rate in Buffalo Lake?
The unemployment rate in Buffalo Lake, MN is 5.5%.