Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Cost of Living in Fair Haven

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

← Back to Fair Haven Hub

Rent vs. Buy Affordability Calculator

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

$62,404
$830/mo

Median in area: $830

$176,500

Median in area: $176,500

$35,300

If you Rent

$1,022 /mo
Base Rent$830
Est. Utilities$192
% of Income19.7%
Pre-tax Residual$4,178

If you Buy

$1,514 /mo
P&I (7.002%)$940
Taxes & Ins$382
Est. Utilities$192
% of Income29.1%
Pre-tax Residual$3,687

Cost of Living FAQs

Is it cheaper to rent or buy in Fair Haven?›

Based on median housing data, renting is currently more affordable on a monthly basis in Fair Haven. The estimated all-in monthly cost for renting is $1,022, while owning a median-priced home with a 20% down payment is roughly $1,514 per month (a difference of $492).

How much do utilities cost in Fair Haven?›

The average monthly utility cost (electricity and natural gas) for a typical home in Fair Haven is approximately $192. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Fair Haven?›

To comfortably afford the median rent and utilities in Fair Haven without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $40,880 per year.