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Cost of Living in Hampshire County

Is it better to rent or buy in Hampshire County? 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.

$64,409
$785/mo

Median in area: $785

$216,412

Median in area: $216,412

$43,282

If you Rent

🔑
$945 /mo
Base Rent$785
Est. Utilities$160
% of Income17.6%
Pre-tax Residual$4,422

If you Buy

🏠
$1,492 /mo
P&I (7.131%)$1,167
Taxes & Ins$165
Est. Utilities$160
% of Income27.8%
Pre-tax Residual$3,875

Compare Nearby Areas

See how Hampshire County stacks up against neighboring areas.

countyMorgan County, WV
$819/mo
countyAllegany County, MD
$803/mo
countyMineral County, WV
$849/mo
countyHardy County, WV
$853/mo
countyFrederick County, VA
$1,662/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Hampshire County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Hampshire County. The estimated all-in monthly cost for renting is $945, while owning a median-priced home with a 20% down payment is roughly $1,492 per month (a difference of $547).

How much do utilities cost in Hampshire County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Hampshire County is approximately $160. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Hampshire County?›

To comfortably afford the median rent and utilities in Hampshire County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $37,800 per year.