Cost of Living in Quincy, MA
Housing
The housing market plays a significant role in determining the cost of living in Quincy, MA.
- Housing Index: 125.4 / 100
- Median Home Price is: $466,500
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2450 per month
Considering the data for Quincy, MA, the housing market presents a mixed bag. With a housing index of 125.4, it indicates higher-than-average costs compared to national standards. The median home price of 466500 suggests that buying may be a significant investment, while average rents for a 2-bedroom apartment at 2400 and a 2-bedroom house at 2450 point to a competitive rental market. When factoring in local amenities, job opportunities, and lifestyle preferences, these insights will help guide your decision on whether to rent or purchase in this market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Quincy, 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 Quincy, 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 Quincy is a financially viable option for your relocation.