Cost of Living in Chestnut hill, MA
Housing
The housing market plays a significant role in determining the cost of living in Chestnut hill, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $1,190,000
- Average Rent (2 BR Apartment): $3122 per month
- Average Rent (2 BR House): $3393 per month
When analyzing the housing situation in Chestnut hill, MA, it's clear that with a high housing index of 125.6, the market is notably expensive. The median home price of 1190000 suggests that homeownership is challenging for many, while the average rent for a 2BR apartment at 3122 and a 2BR house at 3393 further underscores the area's elevated housing costs. Prospective residents should consider their budget, as property expenses here are significantly above the national average, which can impact lifestyle choices and financial planning.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Chestnut hill, 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 Chestnut hill, 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 Chestnut hill is a financially viable option for your relocation.