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Cost of Living in Mathews County

Is it better to rent or buy in Mathews 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.

$74,850
$1,033/mo

Median in area: $1,033

$345,024

Median in area: $345,024

$69,005

If you Rent

🔑
$1,247 /mo
Base Rent$1,033
Est. Utilities$214
% of Income20.0%
Pre-tax Residual$4,991

If you Buy

🏠
$2,304 /mo
P&I (6.972%)$1,831
Taxes & Ins$259
Est. Utilities$214
% of Income36.9%
Pre-tax Residual$3,933

Compare Nearby Areas

See how Mathews County stacks up against neighboring areas.

countyAccomack County, VA
$1,026/mo
countyYork County, VA
$1,814/mo
countyNorthampton County, VA
$818/mo
countyMiddlesex County, VA
$982/mo
countyGloucester County, VA
$1,171/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Mathews County. The estimated all-in monthly cost for renting is $1,247, while owning a median-priced home with a 20% down payment is roughly $2,304 per month (a difference of $1,057).

How much do utilities cost in Mathews County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Mathews County is approximately $214. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Mathews County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $49,880 per year.