Cost of Living in Fall river, MA
Housing
The housing market plays a significant role in determining the cost of living in Fall river, MA.
- Housing Index: 115.0 / 100
- Median Home Price is: $337,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
When considering a move to Fall river, MA, it's important to note that the housing index stands at 115.0, indicating a slightly above-average cost of living. With a median home price of 337000, purchasing a home might be a significant investment for potential buyers. Renting appears to be a feasible option, with average rents for a 2-bedroom apartment at 1800 and for a house at 1840. Additionally, exploring local amenities, job markets, and schools can greatly influence your decision. Careful analysis of these factors will help you find the right fit for your lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fall river, 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 Fall river, 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 Fall river is a financially viable option for your relocation.