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Cost of Living in Freeport

Is it better to rent or buy in Freeport? 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.

$51,603
$782/mo

Median in area: $782

$90,591

Median in area: $90,591

$18,118

If you Rent

🔑
$1,001 /mo
Base Rent$782
Est. Utilities$219
% of Income23.3%
Pre-tax Residual$3,299

If you Buy

🏠
$984 /mo
P&I (7.624%)$513
Taxes & Ins$252
Est. Utilities$219
% of Income22.9%
Pre-tax Residual$3,316

Cost of Living FAQs

Is it cheaper to rent or buy in Freeport?›

Based on median housing data, buying is currently more affordable on a monthly basis in Freeport. The estimated all-in monthly cost for renting is $1,001, while owning a median-priced home with a 20% down payment is roughly $984 per month (a difference of $17).

How much do utilities cost in Freeport?›

The average monthly utility cost (electricity and natural gas) for a typical home in Freeport is approximately $219. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Freeport without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $40,040 per year.