Cost of Living in Buffalo
Buffalo's cost of living runs a real, genuinely modest premium over the Wyoming statewide average, offset by Wyoming's own low-tax structure.
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Learn moreA modest cost-of-living premium
Buffalo's overall cost-of-living index ran 101/100 -- approximately 3% higher than the Wyoming state average -- per this pass's research, with most rental properties falling in the $1,000-$1,499 range.
Wyoming's tax structure helps offset costs
Wyoming levies no state individual income tax at all, and Johnson County's own effective property tax rate (0.65%) runs well below the 1.02% national median.
Housing appreciation is a real, current factor
Buffalo's typical home value ran up a real, disclosed 32.0% over the trailing five years to $417,377 (June 2026) -- a genuine cost-of-living pressure point for new buyers specifically.
Key takeaways
- Buffalo's cost of living runs approximately 3% above the Wyoming state average.
- Wyoming's no-income-tax, low-property-tax structure helps offset the modest premium.
- Five-year home-price appreciation (32.0%) is a real, current factor for new buyers.
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