Cost of Living in Medway, MA
Housing
The housing market plays a significant role in determining the cost of living in Medway, MA.
- Housing Index: Data is updating
- Median Home Price is: $486,500
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering moving to Medway, MA? The current housing index suggests a lack of rental prices available, which can mean limited options or specific market conditions. The median home price stands at 486500, indicating the area might be in a higher price bracket. This can translate into potential appreciation over time, but also higher initial investment. Be prepared to evaluate alternative housing solutions or consider the surrounding neighborhoods that may offer more affordability. Always look into more localized factors affecting housing demand, such as job growth and amenities offered.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Medway, 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 Medway, 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 Medway is a financially viable option for your relocation.