Cost of Living in Lexington, MA
Housing
The housing market plays a significant role in determining the cost of living in Lexington, MA.
- Housing Index: Data is updating
- Median Home Price is: $839,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Lexington, MA, potential homeowners and renters should consider the current data which indicates a housing index of 0.0. The median home price stands at an impressive 839000, highlighting a robust housing market. However, both the average rent for a 2BR apartment of 0.0 and a 2BR house of 0.0 show as zero, suggesting either a lack of availability or newly emerging rental trends. This might indicate higher opportunities in homeownership rather than renting, reflecting a current preference for property investment in this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lexington, MA.
- Electricity Price: $28.15 USD (median by state)
- Natural Gas Price: $21.62 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Lexington, MA could entail higher utility costs. Electricity costs sit at $28.15, while natural gas is priced at $21.62 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lexington is a financially viable option for your relocation.