Cost of Living in Methuen, MA
Housing
The housing market plays a significant role in determining the cost of living in Methuen, MA.
- Housing Index: 120.0 / 100
- Median Home Price is: $491,000
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2400 per month
Considering a move to Methuen, MA? With a population of and a median age of , this location cultivates a mature community vibe. The median income stands at , supporting a good quality of life, while the poverty level at % indicates relative economic stability. The unemployment rate of % reflects a decent job market, attracting married families (39%), which contributes to a settled environment. Overall, these factors point to Methuen being a welcoming and financially sound option for new residents.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Methuen, 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 Methuen, 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 Methuen is a financially viable option for your relocation.