Cost of Living in Boston, MA

Housing

The housing market plays a significant role in determining the cost of living in Boston, MA.

• Housing Index: 140.0 / 100
• Median Home Price is: $985000
• Average Rent (2 BR Apartment): $3000 per month
• Average Rent (2 BR House): $2800 per month

Analyzing the housing data for Boston, MA, we see a housing index of 140.0, indicating that the cost of living is significantly above the national average. The median home price of 985000 reflects a competitive market, which may appeal to buyers looking for long-term investment potential. However, with average rent costs for a 2-bedroom apartment at 3000 and a 2-bedroom house at 2800, renters face high monthly expenses. If you are considering a move, it's essential to evaluate your budget against these costs and the potential for value appreciation in the area.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Boston, 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.): $250 per month

Living in Boston, 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 250 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 135.7

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $89212

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Boston, MA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.