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Cost of Living in Mounds

Is it better to rent or buy in Mounds? 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.

$40,694
$616/mo

Median in area: $616

$87,800

Median in area: $87,800

$17,560

If you Rent

🔑
$865 /mo
Base Rent$616
Est. Utilities$249
% of Income25.5%
Pre-tax Residual$2,526

If you Buy

🏠
$859 /mo
P&I (6.98%)$466
Taxes & Ins$144
Est. Utilities$249
% of Income25.3%
Pre-tax Residual$2,532

Cost of Living FAQs

Is it cheaper to rent or buy in Mounds?›

Based on median housing data, buying is currently more affordable on a monthly basis in Mounds. The estimated all-in monthly cost for renting is $865, while owning a median-priced home with a 20% down payment is roughly $859 per month (a difference of $6).

How much do utilities cost in Mounds?›

The average monthly utility cost (electricity and natural gas) for a typical home in Mounds is approximately $249. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Mounds without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $34,600 per year.