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Cost of Living in Alex

Is it better to rent or buy in Alex? 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.

$62,685
$670/mo

Median in area: $670

$118,900

Median in area: $118,900

$23,780

If you Rent

$907 /mo
Base Rent$670
Est. Utilities$237
% of Income17.4%
Pre-tax Residual$4,317

If you Buy

$1,035 /mo
P&I (7.078%)$638
Taxes & Ins$160
Est. Utilities$237
% of Income19.8%
Pre-tax Residual$4,189

Cost of Living FAQs

Is it cheaper to rent or buy in Alex?›

Based on median housing data, renting is currently more affordable on a monthly basis in Alex. The estimated all-in monthly cost for renting is $907, while owning a median-priced home with a 20% down payment is roughly $1,035 per month (a difference of $128).

How much do utilities cost in Alex?›

The average monthly utility cost (electricity and natural gas) for a typical home in Alex is approximately $237. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Alex without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $36,280 per year.