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Cost of Living in Aurora

Is it better to rent or buy in Aurora? 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.

$98,350
$1,667/mo

Median in area: $1,667

$277,961

Median in area: $277,961

$55,592

If you Rent

🔑
$1,905 /mo
Base Rent$1,667
Est. Utilities$238
% of Income23.2%
Pre-tax Residual$6,291

If you Buy

🏠
$2,289 /mo
P&I (6.94%)$1,470
Taxes & Ins$581
Est. Utilities$238
% of Income27.9%
Pre-tax Residual$5,906

Cost of Living FAQs

Is it cheaper to rent or buy in Aurora?›

Based on median housing data, renting is currently more affordable on a monthly basis in Aurora. The estimated all-in monthly cost for renting is $1,905, while owning a median-priced home with a 20% down payment is roughly $2,289 per month (a difference of $384).

How much do utilities cost in Aurora?›

The average monthly utility cost (electricity and natural gas) for a typical home in Aurora is approximately $238. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Aurora without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $76,200 per year.