Cost of Living in Canton, MA
Housing
The housing market plays a significant role in determining the cost of living in Canton, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $556,500
- Average Rent (2 BR Apartment): $2683 per month
- Average Rent (2 BR House): $2916 per month
Evaluating the housing market in Canton, MA, it's evident that the current data reflects a median home price of 556500, suggesting a potentially stable investment opportunity. Notably, the housing index and average rents for both 2-bedroom apartments and houses are currently reported as zero, which may indicate an atypical market scenario. This could imply a limited availability of rental properties, impacting the overall housing dynamics in the area. It's crucial to delve deeper into local market trends and economic factors before deciding to invest in Canton, to align your objectives with potential real estate opportunities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Canton, 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.): $258 per month
Living in Canton, 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 $258 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 Canton is a financially viable option for your relocation.