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Cost of Living in Staunton

Is it better to rent or buy in Staunton? 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.

$68,285
$1,021/mo

Median in area: $1,021

$279,714

Median in area: $279,714

$55,943

If you Rent

🔑
$1,214 /mo
Base Rent$1,021
Est. Utilities$193
% of Income21.3%
Pre-tax Residual$4,476

If you Buy

🏠
$1,906 /mo
P&I (6.947%)$1,481
Taxes & Ins$232
Est. Utilities$193
% of Income33.5%
Pre-tax Residual$3,785

Cost of Living FAQs

Is it cheaper to rent or buy in Staunton?›

Based on median housing data, renting is currently more affordable on a monthly basis in Staunton. The estimated all-in monthly cost for renting is $1,214, while owning a median-priced home with a 20% down payment is roughly $1,906 per month (a difference of $692).

How much do utilities cost in Staunton?›

The average monthly utility cost (electricity and natural gas) for a typical home in Staunton is approximately $193. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Staunton without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $48,560 per year.