Cost of Living in Lakeville, MA
Housing
The housing market plays a significant role in determining the cost of living in Lakeville, MA.
- Housing Index: 125.0 / 100
- Median Home Price is: $400000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2240 per month
Considering a move to Lakeville, MA? The housing index stands at 125.0, indicating that the market is relatively competitive. With a median home price of 400000, potential buyers should be ready to invest significantly. Renters can expect to pay an average of 2200 for a 2-bedroom apartment or 2240 for a 2-bedroom house. Remember, these costs are reflective of the area's desirability, amenities, and quality of life, which can significantly impact your overall living experience. Assess your budget and priorities to make an informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lakeville, 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 Lakeville, 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 Lakeville is a financially viable option for your relocation.