Cost of Living in Charlestown, MA
Housing
The housing market plays a significant role in determining the cost of living in Charlestown, MA.
- Housing Index: 140.2 / 100
- Median Home Price is: $870,000
- Average Rent (2 BR Apartment): $3203 per month
- Average Rent (2 BR House): $3481 per month
In Charlestown, MA, the current housing index stands at 140.2. This indicates an elevated cost of living, where the median home price is a substantial 870000. Renting options also reflect these trends, with average monthly rents for a 2-bedroom apartment and house at 3203 and 3481, respectively. This suggests a competitive rental market, typically reflecting desirability and investment potential in the area. Evaluating your budget and housing preferences against these figures will be crucial for informed decision-making when considering a move to Charlestown.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Charlestown, 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.): $250 per month
Living in Charlestown, 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 $250 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 Charlestown is a financially viable option for your relocation.