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The total population of Buffalo is estimated to be 16,288 with 7,985 males (49.02%) and 8,303 females (50.98%). There are 318 more females than males in Buffalo.
The median household income in Buffalo was $80,026 in 2021, which marked an an increase of 2,552(3.29%) from $77,474 in 2020. This income is 107.26% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Buffalo sees its highest median household income among householders in the age group of 45 to 64 years old, at $100,854. Overall, the median household income for the city of Buffalo stands at $80,026.
In Buffalo, the median income for all workers aged 15 years and older, regardless of work hours, was $49,515 for males and $30,753 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $74,313 for males and $54,991 for females.
In Buffalo, there are just two different racial groups among households. Among these, Asian households report a median household income of $81,708, while White households have a median household income of $80,154.
In 2022, the population of Buffalo was 16,502, a 0.34% increase year-by-year from 2021. Previously, in 2021, Buffalo's population was 16,446, an increase of 1.03% compared to a population of 16,279 in 2020.
The median age in Buffalo, MN is 38.3, as per 2021 ACS 5-Year Estimates. Of the total population, 20.97% were under the age of 15, 16.90% aged 15 to 29, 45.54% aged 30 to 64, 14.61% aged 65 to 84, and 1.98% were 85 years of age and older.
Racial distribution of Buffalo population: 95.84% are White, 0.28% are Black or African American, 0.21% are American Indian and Alaska Native, 1.37% are Asian, 0.20% are some other race and 2.09% are multiracial.