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Cost of Living in Piney Point

Is it better to rent or buy in Piney Point? 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.

$135,486
$1,413/mo

Median in area: $1,413

$507,000

Median in area: $507,000

$101,400

If you Rent

$1,658 /mo
Base Rent$1,413
Est. Utilities$245
% of Income14.7%
Pre-tax Residual$9,633

If you Buy

$3,561 /mo
P&I (6.865%)$2,662
Taxes & Ins$654
Est. Utilities$245
% of Income31.5%
Pre-tax Residual$7,730

Cost of Living FAQs

Is it cheaper to rent or buy in Piney Point?›

Based on median housing data, renting is currently more affordable on a monthly basis in Piney Point. The estimated all-in monthly cost for renting is $1,658, while owning a median-priced home with a 20% down payment is roughly $3,561 per month (a difference of $1,903).

How much do utilities cost in Piney Point?›

The average monthly utility cost (electricity and natural gas) for a typical home in Piney Point is approximately $245. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Piney Point?›

To comfortably afford the median rent and utilities in Piney Point without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $66,320 per year.