Buffalo, WY
Population 4,516 · Wyoming
About Buffalo, WY
Buffalo is a small town located in Wyoming with a population of 4,516 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,813 per year, which is 18% below the national median of $75,149. The median age of 49.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Buffalo features a median home value of $272,300, which is 11% above the national median of $244,900. This positions Buffalo in a moderately priced market relative to the rest of the country. Median monthly rent is $1,066, 8% below the national average of $1,163/month. Of the 2,378 total housing units, 76% are owner-occupied (1,713 units) and 24% are renter-occupied (545 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Buffalo shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Buffalo have an average one-way commute time of 13.6 minutes, one of the shorter commutes in the region.
Education & Demographics
30.9% of Buffalo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 1.5% Hispanic or Latino, 2.5% Black or African American, and 1.0% Asian residents, with 0.5% of the population being foreign-born.
How Buffalo Ranks in Wyoming
Cost of Living in Buffalo, WY
Compared to national averages, Buffalo has a median household income of $61,813 (18% below the national median of $75,149). Home values average $272,300, which is 11% above the national median. Monthly rent at $1,066 is 8% below the US average of $1,163. Within Wyoming, Buffalo's income is 23% below the state average of $80,049, and home values are 10% below the state median of $302,372.
Why Live in Buffalo, WY?
Buffalo offers rent that’s lower than the national average at $1,066/month, and a strong job market with an unemployment rate of just 3.2%, and a low poverty rate of 11.9%, better than the national average. Additionally, the city features short commute times averaging just 13.6 minutes.
Potential considerations include median household income ($61,813) that falls below the national average. However, Buffalo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Buffalo has a population of 4,516 with a median age of 49.4 years. Compare Buffalo with other cities to see how it stacks up, or explore all cities in Wyoming.
Similar Cities Near Buffalo
Cities in Wyoming with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| South Greeley | 4,596 | $53,625 | $77,800 | Compare |
| Mills | 4,315 | $55,594 | $166,800 | Compare |
| Worland | 4,788 | $60,603 | $176,300 | Compare |
| Fox Farm-College | 4,224 | $45,917 | $0 | Compare |
| Wheatland | 3,570 | $55,908 | $236,400 | Compare |
| Newcastle | 3,348 | $77,014 | $173,500 | Compare |
| Bar Nunn | 2,980 | $110,598 | $287,800 | Compare |
| Torrington | 6,174 | $53,393 | $194,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wyoming
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Buffalo With Other Cities
Frequently Asked Questions about Buffalo
What is the population of Buffalo, WY?
The population of Buffalo, WY is 4,516 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Wyoming.
What is the median household income in Buffalo?
The median household income in Buffalo, WY is $61,813 per year, which is 18% below the national median of $75,149.
What is the median home value in Buffalo?
The median home value in Buffalo, WY is $272,300, which is 11% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Buffalo?
The median monthly rent in Buffalo, WY is $1,066, which is 8% below the national average of $1,163/month.
What is the unemployment rate in Buffalo?
The unemployment rate in Buffalo, WY is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Buffalo, WY a good place to live?
Buffalo offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 4,516 and a median age of 49.4, the city appeals to established professionals and retirees.
How educated is Buffalo, WY?
30.9% of residents in Buffalo aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Buffalo?
Key cost-of-living indicators for Buffalo, WY: median home value is $272,300 (11% above national), median rent is $1,066/month, and median household income is $61,813. The home-value-to-income ratio is 4.4x, a moderate figure by national standards.
What is the poverty rate in Buffalo?
The poverty rate in Buffalo, WY is 11.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Buffalo, WY?
Buffalo's population is 0.0% White, 1.5% Hispanic or Latino, 2.5% Black or African American, 1.0% Asian, and 0.0% two or more races. 0.5% of residents are foreign-born.