Here is another great reason to stay in the 716, especially when compared to other parts of the country.
The long-term impacts of the COVID-19 pandemic and the recent hyperinflation we've seen in the United States have caused the prices of goods and services to increase exponentially over the last year or so. Those increases haven't just been limited to the gas pump either.
We've seen the cost of everything go up from interest rates that drive auto loan rates and mortgage costs, to heating fuel costs. The heating fuel costs are especially concerning here in the northeastern part of the country where winter comes fast.
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However, one of the great things about living in Western New York is our relatively low cost of living and that has been reinforced by a new study that was recently released by doxoInsights.
Doxo studied data from the 50 largest cities in the United State and it was found that the average Buffalo area resident pays nearly 20% for their household monthly bills when compared to the national average.
The average Buffalo household pays around 39% of its monthly income on household bills.
When calculating these rankings, doxoInsights uses the 10 most common expenses a household would have. This would include but is not limited to rent and/or mortgage, auto loans, life insurance, and more.
This all sounds like great news for Buffalo residents who have been concerned about how much it's going to cost to heat our homes this winter.
These facts about Buffalo having costs that are lower than the national average utility costs will help, along with following some of these tips to help save money this weekend.