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Buffalo, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
16,499
Population
$88,820
Median Income
$314,400
Home Value
38.6
Median Age

Demographics

Buffalo has a population of 16,499 with a median age of 38.6. Here is the racial and ethnic breakdown of the population:

White
91.9%
Other
3.5%
Hispanic
2.5%
Asian
1.9%
Demographic Value
Total Population16,499
Median Age38.6
White91.9%
Black or African American0.2%
Asian1.9%
Hispanic or Latino2.5%
Other / Two or More Races3.5%
Buffalo, Minnesota — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 91.9%Other: 3.5%Hispanic/Latino: 2.5%Other: 2.1%16,499PopulationWhiteWhite91.9%OtherOther3.5%Hispanic/LatinoHispanic/Latino2.5%OtherOther2.1%

Income & Economy

The median household income in Buffalo is $88,820, which is 10.2% above the national median of $80,610. The per capita income is $39,807. The poverty rate is 8.9%.

$88,820
Median Household Income
$39,807
Per Capita Income
8.9%
Poverty Rate

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Education

In Buffalo, 94.8% of residents age 25+ have a high school diploma or higher, and 32.0% hold a bachelor's degree or higher (13.5% with a graduate or professional degree).

HS Diploma+
94.8%
Bachelor's+
32.0%
Graduate+
13.5%
Education Level % of Adults (25+)
High School Diploma or Higher94.8%
Bachelor's Degree or Higher32.0%
Graduate or Professional Degree13.5%

Housing

The median home value in Buffalo is $314,400, above the national median of $303,400. The median monthly rent is $1,182. The homeownership rate is 74.3%.

$314,400
Median Home Value
$1,182/mo
Median Rent
74.3%
Homeownership Rate
Housing Metric Value
Median Home Value$314,400
Median Monthly Rent$1,182
Homeownership Rate74.3%
Vacancy Rate2.7%

Salaries in Minnesota

Explore salary data for popular occupations in Minnesota:

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Other Cities in Minnesota

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Frequently Asked Questions

What is the population of Buffalo, Minnesota?
The population of Buffalo, Minnesota is 16,499 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Buffalo, Minnesota?
The median household income in Buffalo, Minnesota is $88,820. This is 10.2% above the national median of $80,610.
What is the median home value in Buffalo, Minnesota?
The median home value in Buffalo, Minnesota is $314,400. The median monthly rent is $1,182.
What percentage of people in Buffalo have a college degree?
In Buffalo, Minnesota, 32.0% of adults age 25 and older hold a bachelor's degree or higher, and 94.8% have a high school diploma or higher.
Is Buffalo, Minnesota an affordable place to live?
The home price-to-income ratio in Buffalo, Minnesota is 3.5x (median home value $314,400 vs. median income $88,820), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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