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Cost of Living in Tyrone

Is it better to rent or buy in Tyrone? 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.

$49,968
$1,500/mo

Median in area: $1,500

$174,900

Median in area: $174,900

$34,980

If you Rent

$1,652 /mo
Base Rent$1,500
Est. Utilities$152
% of Income39.7%
Pre-tax Residual$2,512

If you Buy

$1,257 /mo
P&I (7.079%)$938
Taxes & Ins$167
Est. Utilities$152
% of Income30.2%
Pre-tax Residual$2,907

Cost of Living FAQs

Is it cheaper to rent or buy in Tyrone?›

Based on median housing data, buying is currently more affordable on a monthly basis in Tyrone. The estimated all-in monthly cost for renting is $1,652, while owning a median-priced home with a 20% down payment is roughly $1,257 per month (a difference of $395).

How much do utilities cost in Tyrone?›

The average monthly utility cost (electricity and natural gas) for a typical home in Tyrone is approximately $152. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Tyrone without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $66,080 per year.