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Cost of Living in Newton County

Is it better to rent or buy in Newton 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.

$74,193
$913/mo

Median in area: $913

$185,354

Median in area: $185,354

$37,071

If you Rent

🔑
$1,175 /mo
Base Rent$913
Est. Utilities$262
% of Income19.0%
Pre-tax Residual$5,008

If you Buy

🏠
$1,437 /mo
P&I (7.093%)$996
Taxes & Ins$179
Est. Utilities$262
% of Income23.2%
Pre-tax Residual$4,746

Compare Nearby Areas

See how Newton County stacks up against neighboring areas.

countyKankakee County, IL
$1,116/mo
countyBenton County, IN
$808/mo
countyLake County, IN
$1,214/mo
countyIroquois County, IL
$814/mo
countyJasper County, IN
$939/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Newton County. The estimated all-in monthly cost for renting is $1,175, while owning a median-priced home with a 20% down payment is roughly $1,437 per month (a difference of $262).

How much do utilities cost in Newton County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Newton County is approximately $262. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Newton County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $47,000 per year.