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Cost of Living in Holmes County

Is it better to rent or buy in Holmes 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.

$48,932
$824/mo

Median in area: $824

$122,122

Median in area: $122,122

$24,424

If you Rent

🔑
$997 /mo
Base Rent$824
Est. Utilities$173
% of Income24.5%
Pre-tax Residual$3,081

If you Buy

🏠
$1,060 /mo
P&I (7.153%)$660
Taxes & Ins$227
Est. Utilities$173
% of Income26.0%
Pre-tax Residual$3,018

Compare Nearby Areas

See how Holmes County stacks up against neighboring areas.

countyJackson County, FL
$900/mo
countyWalton County, FL
$1,686/mo
countyGeneva County, AL
$777/mo
countyWashington County, FL
$926/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Holmes County. The estimated all-in monthly cost for renting is $997, while owning a median-priced home with a 20% down payment is roughly $1,060 per month (a difference of $63).

How much do utilities cost in Holmes County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Holmes County is approximately $173. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Holmes County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $39,880 per year.