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Cost of Living in New Underwood School District 51-3

Is it better to rent or buy in New Underwood School District 51-3? 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.

$79,647
$941/mo

Median in area: $941

$285,424

Median in area: $285,424

$57,085

If you Rent

$1,205 /mo
Base Rent$941
Est. Utilities$264
% of Income18.2%
Pre-tax Residual$5,432

If you Buy

$2,105 /mo
P&I (7.019%)$1,522
Taxes & Ins$319
Est. Utilities$264
% of Income31.7%
Pre-tax Residual$4,532

Cost of Living FAQs

Is it cheaper to rent or buy in New Underwood School District 51-3?›

Based on median housing data, renting is currently more affordable on a monthly basis in New Underwood School District 51-3. The estimated all-in monthly cost for renting is $1,205, while owning a median-priced home with a 20% down payment is roughly $2,105 per month (a difference of $900).

How much do utilities cost in New Underwood School District 51-3?›

The average monthly utility cost (electricity and natural gas) for a typical home in New Underwood School District 51-3 is approximately $264. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in New Underwood School District 51-3?›

To comfortably afford the median rent and utilities in New Underwood School District 51-3 without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $48,200 per year.