Cost of Living in East boston, MA
Housing
The housing market plays a significant role in determining the cost of living in East boston, MA.
- Housing Index: 125.2 / 100
- Median Home Price is: $516,000
- Average Rent (2 BR Apartment): $2851 per month
- Average Rent (2 BR House): $3099 per month
In East boston, MA, the housing index stands at 125.2, indicating a moderately challenging market for buyers. The median home price is 516000, which reflects a significant investment requirement for prospective homeowners. On the rental side, an average rental fee for a 2-bedroom apartment is 2851, while renting a house averages at 3099. Given these figures, any decision to move should also consider the cost of living and local amenities in relation to your budget, ensuring that you find an equitable balance for comfort and investment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in East boston, 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 East boston, 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 East boston is a financially viable option for your relocation.