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Cost of Living in Five Points

Is it better to rent or buy in Five Points? 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.

$51,628
$543/mo

Median in area: $543

$162,200

Median in area: $162,200

$32,440

If you Rent

$743 /mo
Base Rent$543
Est. Utilities$200
% of Income17.3%
Pre-tax Residual$3,559

If you Buy

$1,169 /mo
P&I (6.862%)$851
Taxes & Ins$118
Est. Utilities$200
% of Income27.2%
Pre-tax Residual$3,133

Cost of Living FAQs

Is it cheaper to rent or buy in Five Points?›

Based on median housing data, renting is currently more affordable on a monthly basis in Five Points. The estimated all-in monthly cost for renting is $743, while owning a median-priced home with a 20% down payment is roughly $1,169 per month (a difference of $426).

How much do utilities cost in Five Points?›

The average monthly utility cost (electricity and natural gas) for a typical home in Five Points is approximately $200. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Five Points?›

To comfortably afford the median rent and utilities in Five Points without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $29,720 per year.