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Cost of Living in Saugus

Is it better to rent or buy in Saugus? 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.

$105,048
$2,122/mo

Median in area: $2,122

$616,157

Median in area: $616,157

$123,231

If you Rent

$2,372 /mo
Base Rent$2,122
Est. Utilities$250
% of Income27.1%
Pre-tax Residual$6,382

If you Buy

$4,127 /mo
P&I (6.824%)$3,221
Taxes & Ins$656
Est. Utilities$250
% of Income47.1%
Pre-tax Residual$4,627

Cost of Living FAQs

Is it cheaper to rent or buy in Saugus?›

Based on median housing data, renting is currently more affordable on a monthly basis in Saugus. The estimated all-in monthly cost for renting is $2,372, while owning a median-priced home with a 20% down payment is roughly $4,127 per month (a difference of $1,755).

How much do utilities cost in Saugus?›

The average monthly utility cost (electricity and natural gas) for a typical home in Saugus is approximately $250. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Saugus without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $94,880 per year.