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Cost of Living in Castleton

Is it better to rent or buy in Castleton? 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.

$73,854
$1,137/mo

Median in area: $1,137

$224,800

Median in area: $224,800

$44,960

If you Rent

$1,334 /mo
Base Rent$1,137
Est. Utilities$197
% of Income21.7%
Pre-tax Residual$4,821

If you Buy

$1,719 /mo
P&I (6.943%)$1,190
Taxes & Ins$332
Est. Utilities$197
% of Income27.9%
Pre-tax Residual$4,436

Cost of Living FAQs

Is it cheaper to rent or buy in Castleton?›

Based on median housing data, renting is currently more affordable on a monthly basis in Castleton. The estimated all-in monthly cost for renting is $1,334, while owning a median-priced home with a 20% down payment is roughly $1,719 per month (a difference of $385).

How much do utilities cost in Castleton?›

The average monthly utility cost (electricity and natural gas) for a typical home in Castleton is approximately $197. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Castleton without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $53,360 per year.