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Cost of Living in Pine Ridge

Is it better to rent or buy in Pine Ridge? 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.

$52,397
$746/mo

Median in area: $746

$60,300

Median in area: $60,300

$12,060

If you Rent

$996 /mo
Base Rent$746
Est. Utilities$250
% of Income22.8%
Pre-tax Residual$3,370

If you Buy

$635 /mo
P&I (6.977%)$320
Taxes & Ins$65
Est. Utilities$250
% of Income14.5%
Pre-tax Residual$3,731

Cost of Living FAQs

Is it cheaper to rent or buy in Pine Ridge?›

Based on median housing data, buying is currently more affordable on a monthly basis in Pine Ridge. The estimated all-in monthly cost for renting is $996, while owning a median-priced home with a 20% down payment is roughly $635 per month (a difference of $361).

How much do utilities cost in Pine Ridge?›

The average monthly utility cost (electricity and natural gas) for a typical home in Pine Ridge is approximately $250. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Pine Ridge?›

To comfortably afford the median rent and utilities in Pine Ridge without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $39,840 per year.