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Cost of Living in ZIP 04009

Is it better to rent or buy in ZIP 04009? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$82,731
$1,289/mo

Median in area: $1,289

$324,254

Median in area: $324,254

$64,851

If you Rent

$1,484 /mo
Base Rent$1,289
Est. Utilities$195
% of Income21.5%
Pre-tax Residual$5,410

If you Buy

$2,232 /mo
P&I (6.926%)$1,713
Taxes & Ins$324
Est. Utilities$195
% of Income32.4%
Pre-tax Residual$4,662

Cost of Living FAQs

Is it cheaper to rent or buy in ZIP 04009?›

Based on median housing data, renting is currently more affordable on a monthly basis in ZIP 04009. The estimated all-in monthly cost for renting is $1,484, while owning a median-priced home with a 20% down payment is roughly $2,232 per month (a difference of $748).

How much do utilities cost in ZIP 04009?›

The average monthly utility cost (electricity and natural gas) for a typical home in ZIP 04009 is approximately $195. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in ZIP 04009?›

To comfortably afford the median rent and utilities in ZIP 04009 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $59,360 per year.