Cost of Living in Dracut, MA
Housing
The housing market plays a significant role in determining the cost of living in Dracut, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $385,000
- Average Rent (2 BR Apartment): $2054 per month
- Average Rent (2 BR House): $2233 per month
In evaluating the housing landscape of Dracut, MA, we note a noteworthy median home price of 385000. However, the housing index indicates that the market might be unstable or undeveloped, as reflected in the zero values for both average rent for a 2-bedroom apartment and house. Prospective residents should consider potential long-term investment opportunities that may emerge as the area evolves. Additionally, factors such as school quality, local amenities, and job market conditions are crucial in making a well-rounded decision when moving to Dracut.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Dracut, 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 Dracut, 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 Dracut is a financially viable option for your relocation.