As the number of processor cores on a chip increases with the advance of CMOS technology, there has been a growing need of more efficient Network-on-Chip (NoC) design since communication delay has become a major bottleneck in large-scale multicore systems. In designing efficient input buffers of NoC routers for better performance and power efficiency, Spin-Torque Transfer Magnetic RAM (STT-MRAM) is regarded as a promising solution due to its nature of high density and near-zero leakage power. Previous work that adopts STT-MRAM in designing NoC router input buffer shows a limitation in minimizing the overhead of power consumption, even though it succeeds to some degree in achieving high network throughput by the use of SRAM to hide the long write latency of STT-MRAM. In this thesis, we propose a novel input buffer design that depends solely on STT-MRAM without the need of SRAM to maximize the benefits of low leakage power and area efficiency inherent in STT-MRAM. In addition, we introduce power-efficient buffer refreshing schemes synergized with age-based switch arbitration that gives higher priority to older flits to remove unnecessary refreshing operations. On an average, we observed throughput improvements of 16% on synthetic workloads and benchmarks.