Cost of Living in North andover, MA
Housing
The housing market plays a significant role in determining the cost of living in North andover, MA.
- Housing Index: 135.0 / 100
- Median Home Price is: $599,000
- Average Rent (2 BR Apartment): $2100 per month
- Average Rent (2 BR House): $2150 per month
Considering a move to North andover, MA? With a housing index of 135.0, this area has a median home price of 599000, making homeownership more of an investment. The average rent for a 2-bedroom apartment is $2100, while a 2-bedroom house averages $2150. It's essential to weigh your budget against this cost — are you ready for urban living or seeking more space? Keep in mind that housing demand can fluctuate, so researching local job opportunities and amenities is also key to a wise decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in North andover, 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.): $280 per month
Living in North andover, 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 $280 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 North andover is a financially viable option for your relocation.