Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Cost of Living in ZIP 31098

Is it better to rent or buy in ZIP 31098? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

Rent vs. Buy Affordability Calculator

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

$65,991
$1,350/mo

Median in area: $1,350

$89,557

Median in area: $89,557

$17,911

If you Rent

$1,519 /mo
Base Rent$1,350
Est. Utilities$169
% of Income27.6%
Pre-tax Residual$3,980

If you Buy

$773 /mo
P&I (7.362%)$494
Taxes & Ins$110
Est. Utilities$169
% of Income14.1%
Pre-tax Residual$4,726

Compare Nearby Areas

See how ZIP 31098 stacks up against neighboring areas.

Cost of Living FAQs

Is it cheaper to rent or buy in ZIP 31098?

Based on median housing data, buying is currently more affordable on a monthly basis in ZIP 31098. The estimated all-in monthly cost for renting is $1,519, while owning a median-priced home with a 20% down payment is roughly $773 per month (a difference of $746).

How much do utilities cost in ZIP 31098?

The average monthly utility cost (electricity and natural gas) for a typical home in ZIP 31098 is approximately $169. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in ZIP 31098?

To comfortably afford the median rent and utilities in ZIP 31098 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $60,760 per year.