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Cost of Living in Gulfport

Is it better to rent or buy in Gulfport? 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.

$51,921
$1,151/mo

Median in area: $1,151

$189,439

Median in area: $189,439

$37,888

If you Rent

🔑
$1,318 /mo
Base Rent$1,151
Est. Utilities$167
% of Income30.5%
Pre-tax Residual$3,009

If you Buy

🏠
$1,516 /mo
P&I (7.005%)$1,009
Taxes & Ins$340
Est. Utilities$167
% of Income35.0%
Pre-tax Residual$2,811

Cost of Living FAQs

Is it cheaper to rent or buy in Gulfport?›

Based on median housing data, renting is currently more affordable on a monthly basis in Gulfport. The estimated all-in monthly cost for renting is $1,318, while owning a median-priced home with a 20% down payment is roughly $1,516 per month (a difference of $198).

How much do utilities cost in Gulfport?›

The average monthly utility cost (electricity and natural gas) for a typical home in Gulfport 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 Gulfport?›

To comfortably afford the median rent and utilities in Gulfport without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $52,720 per year.