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Cost of Living in Ashland

Is it better to rent or buy in Ashland? 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.

$64,333
$875/mo

Median in area: $875

$94,200

Median in area: $94,200

$18,840

If you Rent

🔑
$1,130 /mo
Base Rent$875
Est. Utilities$255
% of Income21.1%
Pre-tax Residual$4,231

If you Buy

🏠
$1,057 /mo
P&I (7.592%)$532
Taxes & Ins$270
Est. Utilities$255
% of Income19.7%
Pre-tax Residual$4,304

Cost of Living FAQs

Is it cheaper to rent or buy in Ashland?›

Based on median housing data, buying is currently more affordable on a monthly basis in Ashland. The estimated all-in monthly cost for renting is $1,130, while owning a median-priced home with a 20% down payment is roughly $1,057 per month (a difference of $73).

How much do utilities cost in Ashland?›

The average monthly utility cost (electricity and natural gas) for a typical home in Ashland is approximately $255. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Ashland without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $45,200 per year.