Cost of Living in Marblehead, MA
Housing
The housing market plays a significant role in determining the cost of living in Marblehead, MA.
- Housing Index: 120.1 / 100
- Median Home Price is: $1,000,000
- Average Rent (2 BR Apartment): $2800 per month
- Average Rent (2 BR House): $3000 per month
When considering a move to Marblehead, MA, the housing index stands at 120.1, indicating it's 20.1% above the national average. With a median home price of 1000000, purchasing property might be a stretch for many. Rentals also show high averages, with a 2-bedroom apartment costing 2800 and a house at 3000. High housing costs suggest this area may cater to a more affluent demographic. We recommend assessing your budget and considering alternative housing options or suburbs to enjoy more favorable rates.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Marblehead, 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.): $280 per month
Living in Marblehead, 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 $280 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 Marblehead is a financially viable option for your relocation.