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Cost of Living in Mason City

Is it better to rent or buy in Mason City? 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.

$67,121
$767/mo

Median in area: $767

$92,132

Median in area: $92,132

$18,426

If you Rent

🔑
$1,021 /mo
Base Rent$767
Est. Utilities$254
% of Income18.3%
Pre-tax Residual$4,572

If you Buy

🏠
$1,010 /mo
P&I (7.625%)$522
Taxes & Ins$234
Est. Utilities$254
% of Income18.1%
Pre-tax Residual$4,584

Cost of Living FAQs

Is it cheaper to rent or buy in Mason City?›

Based on median housing data, buying is currently more affordable on a monthly basis in Mason City. The estimated all-in monthly cost for renting is $1,021, while owning a median-priced home with a 20% down payment is roughly $1,010 per month (a difference of $11).

How much do utilities cost in Mason City?›

The average monthly utility cost (electricity and natural gas) for a typical home in Mason City is approximately $254. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Mason City?›

To comfortably afford the median rent and utilities in Mason City without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $40,840 per year.