Cost of Living in Tewksbury, MA
Housing
The housing market plays a significant role in determining the cost of living in Tewksbury, MA.
- Housing Index: 0.0 / 100
- Median Home Price is: $469000
- Average Rent (2 BR Apartment): $0.0 per month
- Average Rent (2 BR House): $0.0 per month
Based on the data, Tewksbury, MA shows a median home price of 469000, which indicates a relatively stable impressive investment opportunity. However, the housing index, average rent for a 2-bedroom apartment, and rent for a 2-bedroom house are currently at 0. This could suggest either an unusual market situation or lack of listings; further research on local market conditions is advised. Typically, areas with affordable rents relative to home prices attract diverse populations, driving future growth. Consider weighing these factors alongside community amenities and economic trends to inform your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Tewksbury, 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.): $0.0 per month
Living in Tewksbury, 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 0.0 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 Tewksbury is a financially viable option for your relocation.