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Cost of Living in Hingham

Is it better to rent or buy in Hingham? 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.

$104,259
$1,022/mo

Median in area: $1,022

$293,139

Median in area: $293,139

$58,628

If you Rent

$1,300 /mo
Base Rent$1,022
Est. Utilities$278
% of Income15.0%
Pre-tax Residual$7,388

If you Buy

$2,172 /mo
P&I (6.917%)$1,547
Taxes & Ins$347
Est. Utilities$278
% of Income25.0%
Pre-tax Residual$6,516

Cost of Living FAQs

Is it cheaper to rent or buy in Hingham?›

Based on median housing data, renting is currently more affordable on a monthly basis in Hingham. The estimated all-in monthly cost for renting is $1,300, while owning a median-priced home with a 20% down payment is roughly $2,172 per month (a difference of $872).

How much do utilities cost in Hingham?›

The average monthly utility cost (electricity and natural gas) for a typical home in Hingham is approximately $278. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Hingham without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $52,000 per year.