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Cost of Living in Babson Park

Is it better to rent or buy in Babson Park? 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.

$63,772
$1,004/mo

Median in area: $1,004

$153,349

Median in area: $153,349

$30,670

If you Rent

$1,183 /mo
Base Rent$1,004
Est. Utilities$179
% of Income22.3%
Pre-tax Residual$4,131

If you Buy

$1,237 /mo
P&I (6.982%)$815
Taxes & Ins$243
Est. Utilities$179
% of Income23.3%
Pre-tax Residual$4,078

Cost of Living FAQs

Is it cheaper to rent or buy in Babson Park?›

Based on median housing data, renting is currently more affordable on a monthly basis in Babson Park. The estimated all-in monthly cost for renting is $1,183, while owning a median-priced home with a 20% down payment is roughly $1,237 per month (a difference of $54).

How much do utilities cost in Babson Park?›

The average monthly utility cost (electricity and natural gas) for a typical home in Babson Park is approximately $179. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Babson Park?›

To comfortably afford the median rent and utilities in Babson Park without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $47,320 per year.