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Cost of Living in Malden

Is it better to rent or buy in Malden? 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.

$57,600
$975/mo

Median in area: $975

$121,000

Median in area: $121,000

$24,200

If you Rent

🔑
$1,333 /mo
Base Rent$975
Est. Utilities$358
% of Income27.8%
Pre-tax Residual$3,467

If you Buy

🏠
$1,253 /mo
P&I (6.987%)$643
Taxes & Ins$252
Est. Utilities$358
% of Income26.1%
Pre-tax Residual$3,547

Cost of Living FAQs

Is it cheaper to rent or buy in Malden?›

Based on median housing data, buying is currently more affordable on a monthly basis in Malden. The estimated all-in monthly cost for renting is $1,333, while owning a median-priced home with a 20% down payment is roughly $1,253 per month (a difference of $80).

How much do utilities cost in Malden?›

The average monthly utility cost (electricity and natural gas) for a typical home in Malden is approximately $358. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Malden without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $53,320 per year.