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Cost of Living in Romeville

Is it better to rent or buy in Romeville? 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.

$89,549
$1,542/mo

Median in area: $1,542

$176,400

Median in area: $176,400

$35,280

If you Rent

$1,725 /mo
Base Rent$1,542
Est. Utilities$183
% of Income23.1%
Pre-tax Residual$5,737

If you Buy

$1,332 /mo
P&I (7.059%)$944
Taxes & Ins$205
Est. Utilities$183
% of Income17.9%
Pre-tax Residual$6,130

Cost of Living FAQs

Is it cheaper to rent or buy in Romeville?›

Based on median housing data, buying is currently more affordable on a monthly basis in Romeville. The estimated all-in monthly cost for renting is $1,725, while owning a median-priced home with a 20% down payment is roughly $1,332 per month (a difference of $393).

How much do utilities cost in Romeville?›

The average monthly utility cost (electricity and natural gas) for a typical home in Romeville is approximately $183. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Romeville without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $69,000 per year.