Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Cost of Living in Centreville

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

Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$116,100
$1,342/mo

Median in area: $1,342

$481,033

Median in area: $481,033

$96,207

If you Rent

$1,625 /mo
Base Rent$1,342
Est. Utilities$283
% of Income16.8%
Pre-tax Residual$8,050

If you Buy

$3,273 /mo
P&I (6.892%)$2,532
Taxes & Ins$458
Est. Utilities$283
% of Income33.8%
Pre-tax Residual$6,402

Cost of Living FAQs

Is it cheaper to rent or buy in Centreville?

Based on median housing data, renting is currently more affordable on a monthly basis in Centreville. The estimated all-in monthly cost for renting is $1,625, while owning a median-priced home with a 20% down payment is roughly $3,273 per month (a difference of $1,648).

How much do utilities cost in Centreville?

The average monthly utility cost (electricity and natural gas) for a typical home in Centreville is approximately $283. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Centreville?

To comfortably afford the median rent and utilities in Centreville without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $65,000 per year.