Cost of Living in Worcester, MA

Housing

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

• Housing Index: 120.0 / 100
• Median Home Price is: $350000
• Average Rent (2 BR Apartment): $2100 per month
• Average Rent (2 BR House): $2144 per month

When considering a move to Worcester, MA, it's essential to weigh the housing index of 120.0, which suggests a higher cost of living compared to national averages. The median home price at 350000 offers insight into investment opportunities, but you should also take into account the average rent of 2100 for a two-bedroom apartment and 2144 for a house. Evaluate your financial situation against these figures, as housing expenses can significantly impact your budget in the long term. Be sure to explore the local economy and job market as well.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Worcester, 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 Worcester, 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: 118.7

Median Income

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

• Median Income: $63011

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 Worcester, 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.