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Cost of Living in Raymond

Is it better to rent or buy in Raymond? 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.

$83,654
$783/mo

Median in area: $783

$120,000

Median in area: $120,000

$24,000

If you Rent

🔑
$1,068 /mo
Base Rent$783
Est. Utilities$285
% of Income15.3%
Pre-tax Residual$5,903

If you Buy

🏠
$1,238 /mo
P&I (7.374%)$663
Taxes & Ins$290
Est. Utilities$285
% of Income17.8%
Pre-tax Residual$5,733

Cost of Living FAQs

Is it cheaper to rent or buy in Raymond?›

Based on median housing data, renting is currently more affordable on a monthly basis in Raymond. The estimated all-in monthly cost for renting is $1,068, while owning a median-priced home with a 20% down payment is roughly $1,238 per month (a difference of $170).

How much do utilities cost in Raymond?›

The average monthly utility cost (electricity and natural gas) for a typical home in Raymond is approximately $285. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Raymond without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $42,720 per year.