Cost of Living in Brookline, MA
Housing
The housing market plays a significant role in determining the cost of living in Brookline, MA.
- Housing Index: 160.0 / 100
- Median Home Price is: $1,350,000
- Average Rent (2 BR Apartment): $3200 per month
- Average Rent (2 BR House): $3280 per month
When considering a move to Brookline, MA, it's important to look at the housing market dynamics. With a housing index of 160.0, your investment capabilities may be stretched, especially with a median home price of 1350000. The rental market also poses a challenge, where the average rent for a 2-bedroom apartment stands at 3200, and renting a house is slightly higher at 3280. Given these figures, potential residents should weigh their buying versus renting options carefully, and explore local job opportunities or cost-saving strategies to enhance their financial stability in this market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Brookline, 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 Brookline, 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 Brookline is a financially viable option for your relocation.