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Cost of Living in Rex

Is it better to rent or buy in Rex? 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.

$45,290
$835/mo

Median in area: $835

$69,200

Median in area: $69,200

$13,840

If you Rent

$1,025 /mo
Base Rent$835
Est. Utilities$190
% of Income27.2%
Pre-tax Residual$2,749

If you Buy

$672 /mo
P&I (7%)$368
Taxes & Ins$114
Est. Utilities$190
% of Income17.8%
Pre-tax Residual$3,102

Cost of Living FAQs

Is it cheaper to rent or buy in Rex?›

Based on median housing data, buying is currently more affordable on a monthly basis in Rex. The estimated all-in monthly cost for renting is $1,025, while owning a median-priced home with a 20% down payment is roughly $672 per month (a difference of $353).

How much do utilities cost in Rex?›

The average monthly utility cost (electricity and natural gas) for a typical home in Rex is approximately $190. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Rex without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $41,000 per year.