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Cost of Living in Bunker Hill

Is it better to rent or buy in Bunker Hill? 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.

$91,667
$859/mo

Median in area: $859

$187,100

Median in area: $187,100

$37,420

If you Rent

🔑
$1,132 /mo
Base Rent$859
Est. Utilities$273
% of Income14.8%
Pre-tax Residual$6,507

If you Buy

🏠
$1,597 /mo
P&I (7.049%)$1,001
Taxes & Ins$323
Est. Utilities$273
% of Income20.9%
Pre-tax Residual$6,042

Cost of Living FAQs

Is it cheaper to rent or buy in Bunker Hill?›

Based on median housing data, renting is currently more affordable on a monthly basis in Bunker Hill. The estimated all-in monthly cost for renting is $1,132, while owning a median-priced home with a 20% down payment is roughly $1,597 per month (a difference of $465).

How much do utilities cost in Bunker Hill?›

The average monthly utility cost (electricity and natural gas) for a typical home in Bunker Hill is approximately $273. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Bunker Hill?›

To comfortably afford the median rent and utilities in Bunker Hill without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $45,280 per year.