Safe Rate Local

Cost of Living in Beckley

Is it better to rent or buy in Beckley? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

← Back to Beckley 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.

$54,218
$837/mo

Median in area: $837

$138,486

Median in area: $138,486

$27,697

If you Rent

🔑
$1,059 /mo
Base Rent$837
Est. Utilities$222
% of Income23.4%
Pre-tax Residual$3,459

If you Buy

🏠
$1,061 /mo
P&I (6.5%)$700
Taxes & Ins$139
Est. Utilities$222
% of Income23.5%
Pre-tax Residual$3,457

Cost of Living FAQs

Is it cheaper to rent or buy in Beckley?›

Based on median housing data, renting is currently more affordable on a monthly basis in Beckley. The estimated all-in monthly cost for renting is $1,059, while owning a median-priced home with a 20% down payment is roughly $1,061 per month (a difference of $2).

How much do utilities cost in Beckley?›

The average monthly utility cost (electricity and natural gas) for a typical home in Beckley is approximately $222. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Beckley without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $42,360 per year.