Safe Rate Local

Cost of Living in Rome

Is it better to rent or buy in Rome? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

← Back to Rome Hub

Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$68,447
$1,000/mo

Median in area: $1,000

$222,667

Median in area: $222,667

$44,533

If you Rent

🔑
$1,191 /mo
Base Rent$1,000
Est. Utilities$191
% of Income20.9%
Pre-tax Residual$4,513

If you Buy

🏠
$1,552 /mo
P&I (6.5%)$1,126
Taxes & Ins$235
Est. Utilities$191
% of Income27.2%
Pre-tax Residual$4,152

Cost of Living FAQs

Is it cheaper to rent or buy in Rome?›

Based on median housing data, renting is currently more affordable on a monthly basis in Rome. The estimated all-in monthly cost for renting is $1,191, while owning a median-priced home with a 20% down payment is roughly $1,552 per month (a difference of $361).

How much do utilities cost in Rome?›

The average monthly utility cost (electricity and natural gas) for a typical home in Rome is approximately $191. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Rome without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $47,640 per year.