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Cost of Living in Nantucket County

Is it better to rent or buy in Nantucket 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.

$145,855
$2,237/mo

Median in area: $2,237

$1,541,944

Median in area: $1,541,944

$308,389

If you Rent

🔑
$2,598 /mo
Base Rent$2,237
Est. Utilities$361
% of Income21.4%
Pre-tax Residual$9,557

If you Buy

🏠
$13,454 /mo
P&I (6.95%)$8,165
Taxes & Ins$4,928
Est. Utilities$361
% of Income110.7%
Pre-tax Residual$-1,300

Compare Nearby Areas

See how Nantucket County stacks up against neighboring areas.

countyDukes County, MA
$1,430/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Nantucket County. The estimated all-in monthly cost for renting is $2,598, while owning a median-priced home with a 20% down payment is roughly $13,454 per month (a difference of $10,856).

How much do utilities cost in Nantucket County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Nantucket County is approximately $361. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Nantucket County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $103,920 per year.