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Cost of Living in Daphne

Is it better to rent or buy in Daphne? 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.

$88,059
$1,360/mo

Median in area: $1,360

$329,585

Median in area: $329,585

$65,917

If you Rent

🔑
$1,510 /mo
Base Rent$1,360
Est. Utilities$150
% of Income20.6%
Pre-tax Residual$5,828

If you Buy

🏠
$2,564 /mo
P&I (6.886%)$1,734
Taxes & Ins$680
Est. Utilities$150
% of Income34.9%
Pre-tax Residual$4,774

Cost of Living FAQs

Is it cheaper to rent or buy in Daphne?›

Based on median housing data, renting is currently more affordable on a monthly basis in Daphne. The estimated all-in monthly cost for renting is $1,510, while owning a median-priced home with a 20% down payment is roughly $2,564 per month (a difference of $1,054).

How much do utilities cost in Daphne?›

The average monthly utility cost (electricity and natural gas) for a typical home in Daphne is approximately $150. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Daphne without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $60,400 per year.