Cost of Living in Medford, MA
Housing
The housing market plays a significant role in determining the cost of living in Medford, MA.
- Housing Index: 120.0 / 100
- Median Home Price is: $482000
- Average Rent (2 BR Apartment): $2500 per month
- Average Rent (2 BR House): $2350 per month
Considering a move to Medford, MA? With a housing index of 120.0, it signifies that the cost of living here is relatively higher compared to the national average. The median home price of 482000 and average rent of 2500 for a two-bedroom apartment, alongside 2350 for a two-bedroom house, indicates that housing costs are a significant factor. Potential residents should weigh these expenses against average salaries and job opportunities in the area, as well as local amenities and the quality of schools.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Medford, 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 Medford, 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 Medford is a financially viable option for your relocation.