Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Cost of Living in Abingdon

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

← Back to Abingdon Hub

Rent vs. Buy Affordability Calculator

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

$62,526
$732/mo

Median in area: $732

$100,800

Median in area: $100,800

$20,160

If you Rent

🔑
$966 /mo
Base Rent$732
Est. Utilities$234
% of Income18.5%
Pre-tax Residual$4,245

If you Buy

🏠
$1,019 /mo
P&I (7.625%)$571
Taxes & Ins$214
Est. Utilities$234
% of Income19.6%
Pre-tax Residual$4,192

Cost of Living FAQs

Is it cheaper to rent or buy in Abingdon?›

Based on median housing data, renting is currently more affordable on a monthly basis in Abingdon. The estimated all-in monthly cost for renting is $966, while owning a median-priced home with a 20% down payment is roughly $1,019 per month (a difference of $53).

How much do utilities cost in Abingdon?›

The average monthly utility cost (electricity and natural gas) for a typical home in Abingdon is approximately $234. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Abingdon?›

To comfortably afford the median rent and utilities in Abingdon without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $38,640 per year.