Cost of Living in Medfield, MA
Housing
The housing market plays a significant role in determining the cost of living in Medfield, MA.
- Housing Index: 140.0 / 100
- Median Home Price is: $672,000
- Average Rent (2 BR Apartment): $2800 per month
- Average Rent (2 BR House): $2950 per month
When considering a move to Medfield, MA, it’s important to note the significant housing index of 140.0. With a median home price of 672000, purchasing property may be a considerable investment, particularly for first-time buyers. Meanwhile, rental prices are high, averaging 2800 for a 2-bedroom apartment and 2950 for a house. This trend suggests that living in Medfield could be financially demanding, thus careful budgeting and planning are advisable. Keep in mind that local amenities and job opportunities may also influence decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Medfield, 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.): $350 per month
Living in Medfield, 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 $350 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 Medfield is a financially viable option for your relocation.