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Cost of Living in Camden

Is it better to rent or buy in Camden? 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.

$39,702
$1,223/mo

Median in area: $1,223

$121,744

Median in area: $121,744

$24,349

If you Rent

🔑
$1,394 /mo
Base Rent$1,223
Est. Utilities$171
% of Income42.1%
Pre-tax Residual$1,915

If you Buy

🏠
$1,050 /mo
P&I (6.966%)$646
Taxes & Ins$233
Est. Utilities$171
% of Income31.7%
Pre-tax Residual$2,259

Cost of Living FAQs

Is it cheaper to rent or buy in Camden?›

Based on median housing data, buying is currently more affordable on a monthly basis in Camden. The estimated all-in monthly cost for renting is $1,394, while owning a median-priced home with a 20% down payment is roughly $1,050 per month (a difference of $344).

How much do utilities cost in Camden?›

The average monthly utility cost (electricity and natural gas) for a typical home in Camden is approximately $171. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Camden without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $55,760 per year.