Buffalo has the 71st largest population in the United States. The population shrank by 1.2% from 2010 to 2015, which was slower than the national average. Unemployment in the Buffalo area is 4%, which is lower than the national average, and is getting better. Buffalo has the 53rd largest local economy in the US, and a low cost of living. The average pay for jobs in Buffalo is below average at $45,060, and the median cost of a home in Buffalo is $67,800, which is below the national average. 24% of workers in Buffalo hold a bachelors degree or higher (above average), and 82% of workers have a high school degree (above average). Driving to work is especially common in Buffalo. 67% of Buffalo workers drive to work alone, 12% take public transit, 9% carpool, and 10% walk. People in Buffalo spend an average of 20 minutes commuting to work, which is shorter than the national average of 26 minutes.