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Cost of Living in Plymouth

Is it better to rent or buy in Plymouth? 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.

$66,264
$623/mo

Median in area: $623

$94,478

Median in area: $94,478

$18,896

If you Rent

🔑
$892 /mo
Base Rent$623
Est. Utilities$269
% of Income16.2%
Pre-tax Residual$4,630

If you Buy

🏠
$960 /mo
P&I (6.994%)$503
Taxes & Ins$188
Est. Utilities$269
% of Income17.4%
Pre-tax Residual$4,562

Cost of Living FAQs

Is it cheaper to rent or buy in Plymouth?›

Based on median housing data, renting is currently more affordable on a monthly basis in Plymouth. The estimated all-in monthly cost for renting is $892, while owning a median-priced home with a 20% down payment is roughly $960 per month (a difference of $68).

How much do utilities cost in Plymouth?›

The average monthly utility cost (electricity and natural gas) for a typical home in Plymouth is approximately $269. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Plymouth without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $35,680 per year.