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Cost of Living in Newton

Is it better to rent or buy in Newton? 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.

$63,399
$788/mo

Median in area: $788

$100,902

Median in area: $100,902

$20,180

If you Rent

🔑
$1,027 /mo
Base Rent$788
Est. Utilities$239
% of Income19.4%
Pre-tax Residual$4,256

If you Buy

🏠
$1,042 /mo
P&I (7.446%)$561
Taxes & Ins$242
Est. Utilities$239
% of Income19.7%
Pre-tax Residual$4,241

Cost of Living FAQs

Is it cheaper to rent or buy in Newton?›

Based on median housing data, renting is currently more affordable on a monthly basis in Newton. The estimated all-in monthly cost for renting is $1,027, while owning a median-priced home with a 20% down payment is roughly $1,042 per month (a difference of $15).

How much do utilities cost in Newton?›

The average monthly utility cost (electricity and natural gas) for a typical home in Newton is approximately $239. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Newton without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $41,080 per year.