Cost of Living in Northborough, MA
Housing
The housing market plays a significant role in determining the cost of living in Northborough, MA.
- Housing Index: Data is updating
- Median Home Price is: $487,500
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering a move to Northborough, MA, the housing market shows a stark picture. With a housing index of 0.0, and a median home price of 487500, potential buyers should weigh their options carefully. Notably, the absence of average rental prices for 2-bedroom apartments and houses might suggest a market without typical rental competition, potentially skewing the current assessments. Securing a permanent residence could be more advantageous given the high median home price, and exploring alternate neighborhoods may reveal opportunities for lower costs and better living conditions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Northborough, 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 Northborough, 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 Northborough is a financially viable option for your relocation.