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Cost of Living in ZIP 62837

Is it better to rent or buy in ZIP 62837? 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.

$45,862
$598/mo

Median in area: $598

$95,833

Median in area: $95,833

$19,167

If you Rent

🔑
$884 /mo
Base Rent$598
Est. Utilities$286
% of Income23.1%
Pre-tax Residual$2,938

If you Buy

🏠
$1,035 /mo
P&I (7.625%)$543
Taxes & Ins$206
Est. Utilities$286
% of Income27.1%
Pre-tax Residual$2,787

Cost of Living FAQs

Is it cheaper to rent or buy in ZIP 62837?›

Based on median housing data, renting is currently more affordable on a monthly basis in ZIP 62837. The estimated all-in monthly cost for renting is $884, while owning a median-priced home with a 20% down payment is roughly $1,035 per month (a difference of $151).

How much do utilities cost in ZIP 62837?›

The average monthly utility cost (electricity and natural gas) for a typical home in ZIP 62837 is approximately $286. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in ZIP 62837?›

To comfortably afford the median rent and utilities in ZIP 62837 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $35,360 per year.