Cost of Living in Waltham, MA
Housing
The housing market plays a significant role in determining the cost of living in Waltham, MA.
- Housing Index: 130.0 / 100
- Median Home Price is: $575,000
- Average Rent (2 BR Apartment): $2500 per month
- Average Rent (2 BR House): $2557 per month
When considering a move to Waltham, MA, you'll find that the housing market shows a moderately high housing index of 130.0. The median home price in the area stands at 575000, which is significant for prospective buyers. Renting options are given at competitive rates, with the average rent for a 2-bedroom apartment at 2500 and a 2-bedroom house slightly higher at 2557. For a holistic view, also consider local job opportunities and community amenities, as these factors can greatly influence your long-term satisfaction in the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Waltham, 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.): $300 per month
Living in Waltham, 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 $300 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 Waltham is a financially viable option for your relocation.