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Cost of Living in Matteson

Is it better to rent or buy in Matteson? 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.

$89,695
$1,373/mo

Median in area: $1,373

$217,617

Median in area: $217,617

$43,523

If you Rent

🔑
$1,646 /mo
Base Rent$1,373
Est. Utilities$273
% of Income22.0%
Pre-tax Residual$5,829

If you Buy

🏠
$2,069 /mo
P&I (7.066%)$1,166
Taxes & Ins$630
Est. Utilities$273
% of Income27.7%
Pre-tax Residual$5,406

Cost of Living FAQs

Is it cheaper to rent or buy in Matteson?›

Based on median housing data, renting is currently more affordable on a monthly basis in Matteson. The estimated all-in monthly cost for renting is $1,646, while owning a median-priced home with a 20% down payment is roughly $2,069 per month (a difference of $423).

How much do utilities cost in Matteson?›

The average monthly utility cost (electricity and natural gas) for a typical home in Matteson is approximately $273. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Matteson without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $65,840 per year.