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: $350,000
- 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 Worcester is a financially viable option for your relocation.