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Cost of Living in Claremont

Is it better to rent or buy in Claremont? 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.

$78,264
$954/mo

Median in area: $954

$130,900

Median in area: $130,900

$26,180

If you Rent

🔑
$1,260 /mo
Base Rent$954
Est. Utilities$306
% of Income19.3%
Pre-tax Residual$5,262

If you Buy

🏠
$1,163 /mo
P&I (6.994%)$696
Taxes & Ins$161
Est. Utilities$306
% of Income17.8%
Pre-tax Residual$5,359

Cost of Living FAQs

Is it cheaper to rent or buy in Claremont?›

Based on median housing data, buying is currently more affordable on a monthly basis in Claremont. The estimated all-in monthly cost for renting is $1,260, while owning a median-priced home with a 20% down payment is roughly $1,163 per month (a difference of $97).

How much do utilities cost in Claremont?›

The average monthly utility cost (electricity and natural gas) for a typical home in Claremont is approximately $306. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Claremont without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $50,400 per year.