Cost of Living in Newton, MA
Housing
The housing market plays a significant role in determining the cost of living in Newton, MA.
- Housing Index: 140.0 / 100
- Median Home Price is: $1,449,000
- Average Rent (2 BR Apartment): $3100 per month
- Average Rent (2 BR House): $3200 per month
When considering a move to Newton, MA, the housing index of 140.0 indicates a competitive market. With a median home price of 1449000 and average rental costs reaching 3100 for a two-bedroom apartment and 3200 for a two-bedroom house, budgeting will be essential. High costs suggest that homeownership might be challenging, particularly with the ongoing trends of increasing property prices. Living affordability should also be assessed against local job opportunities and lifestyle factors in Newton for a comprehensive decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Newton, 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 Newton, 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 Newton is a financially viable option for your relocation.