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Cost of Living in Villa Grove

Is it better to rent or buy in Villa Grove? 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.

$79,623
$839/mo

Median in area: $839

$155,000

Median in area: $155,000

$31,000

If you Rent

🔑
$1,106 /mo
Base Rent$839
Est. Utilities$267
% of Income16.7%
Pre-tax Residual$5,529

If you Buy

🏠
$1,550 /mo
P&I (7.301%)$850
Taxes & Ins$433
Est. Utilities$267
% of Income23.4%
Pre-tax Residual$5,085

Cost of Living FAQs

Is it cheaper to rent or buy in Villa Grove?›

Based on median housing data, renting is currently more affordable on a monthly basis in Villa Grove. The estimated all-in monthly cost for renting is $1,106, while owning a median-priced home with a 20% down payment is roughly $1,550 per month (a difference of $444).

How much do utilities cost in Villa Grove?›

The average monthly utility cost (electricity and natural gas) for a typical home in Villa Grove is approximately $267. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Villa Grove?›

To comfortably afford the median rent and utilities in Villa Grove without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $44,240 per year.