Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Cost of Living in Augusta-Richmond County consolidated government (balance)

Is it better to rent or buy in Augusta-Richmond County consolidated government (balance)? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

← Back to Augusta-Richmond County consolidated government (balance) 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.

$55,988
$1,144/mo

Median in area: $1,144

$177,698

Median in area: $177,698

$35,540

If you Rent

$1,313 /mo
Base Rent$1,144
Est. Utilities$169
% of Income28.1%
Pre-tax Residual$3,353

If you Buy

$1,299 /mo
P&I (6.979%)$944
Taxes & Ins$186
Est. Utilities$169
% of Income27.8%
Pre-tax Residual$3,367

Cost of Living FAQs

Is it cheaper to rent or buy in Augusta-Richmond County consolidated government (balance)?›

Based on median housing data, buying is currently more affordable on a monthly basis in Augusta-Richmond County consolidated government (balance). The estimated all-in monthly cost for renting is $1,313, while owning a median-priced home with a 20% down payment is roughly $1,299 per month (a difference of $14).

How much do utilities cost in Augusta-Richmond County consolidated government (balance)?›

The average monthly utility cost (electricity and natural gas) for a typical home in Augusta-Richmond County consolidated government (balance) 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 Augusta-Richmond County consolidated government (balance)?›

To comfortably afford the median rent and utilities in Augusta-Richmond County consolidated government (balance) without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $52,520 per year.