Cost of Living in Northampton, MA
Housing
The housing market plays a significant role in determining the cost of living in Northampton, MA.
- Housing Index: 120.0 / 100
- Median Home Price is: $377,500
- Average Rent (2 BR Apartment): $2100 per month
- Average Rent (2 BR House): $2150 per month
Considering a move to Northampton, MA? With a housing index of 120.0, the real estate market is competitive, indicating slightly above average costs. The median home price stands at 377500, suggesting a stable investment opportunity, although it might be challenging for budget-conscious homebuyers. Rental prices are notably high, with an average rent for a 2BR apartment at 2100 and a 2BR house at 2150. This area may appeal to families or professionals seeking a vibrant community, but potential residents should weigh these costs against their budgets and lifestyle preferences.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Northampton, 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 Northampton, 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 Northampton is a financially viable option for your relocation.