Cost of Living in Weymouth, MA

Housing

The housing market plays a significant role in determining the cost of living in Weymouth, MA.

• Housing Index: 120.5 / 100
• Median Home Price is: $470000
• Average Rent (2 BR Apartment): $2400 per month
• Average Rent (2 BR House): $2450 per month

Analyzing the housing data for Weymouth, MA, reveals a housing index of 120.5, indicating that housing costs might be higher than the national average. The median home price stands at 470000, which reflects the demand and desirability of the area. Additionally, the average rent for a 2-bedroom apartment is at 2400, while renting a 2-bedroom house is slightly higher at 2450. Prospective residents should consider these factors alongside local amenities and job opportunities to ensure the area aligns with their lifestyle preferences and budget.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Weymouth, 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 Weymouth, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $95879

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Weymouth, MA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.