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Cost of Living in Hampshire

Is it better to rent or buy in Hampshire? 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.

$94,401
$2,497/mo

Median in area: $2,497

$307,273

Median in area: $307,273

$61,455

If you Rent

🔑
$2,838 /mo
Base Rent$2,497
Est. Utilities$341
% of Income36.1%
Pre-tax Residual$5,029

If you Buy

🏠
$2,641 /mo
P&I (6.961%)$1,629
Taxes & Ins$671
Est. Utilities$341
% of Income33.6%
Pre-tax Residual$5,226

Cost of Living FAQs

Is it cheaper to rent or buy in Hampshire?›

Based on median housing data, buying is currently more affordable on a monthly basis in Hampshire. The estimated all-in monthly cost for renting is $2,838, while owning a median-priced home with a 20% down payment is roughly $2,641 per month (a difference of $197).

How much do utilities cost in Hampshire?›

The average monthly utility cost (electricity and natural gas) for a typical home in Hampshire is approximately $341. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Hampshire without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $113,520 per year.