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Cost of Living in Dothan

Is it better to rent or buy in Dothan? 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.

$60,569
$915/mo

Median in area: $915

$172,955

Median in area: $172,955

$34,591

If you Rent

🔑
$1,082 /mo
Base Rent$915
Est. Utilities$167
% of Income21.4%
Pre-tax Residual$3,965

If you Buy

🏠
$1,187 /mo
P&I (6.5%)$875
Taxes & Ins$145
Est. Utilities$167
% of Income23.5%
Pre-tax Residual$3,861

Cost of Living FAQs

Is it cheaper to rent or buy in Dothan?›

Based on median housing data, renting is currently more affordable on a monthly basis in Dothan. The estimated all-in monthly cost for renting is $1,082, while owning a median-priced home with a 20% down payment is roughly $1,187 per month (a difference of $105).

How much do utilities cost in Dothan?›

The average monthly utility cost (electricity and natural gas) for a typical home in Dothan is approximately $167. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Dothan without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $43,280 per year.