Cost of Living in Grafton, MA
Housing
The housing market plays a significant role in determining the cost of living in Grafton, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $484,500
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
Considering a move to Grafton, MA? The current housing index stands at 125.6, indicating potential market fluctuations. With a median home price of 484500, even without rental data, it’s essential to note this price reflects the possible investment climate. Generally, higher median prices can suggest robust demand and good prospects for home value appreciation over time. However, it’s wise to analyze additional factors such as local job opportunities, schools, and community amenities to fully grasp the living experience this area offers. Keep these aspects in mind for informed decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Grafton, 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 Grafton, 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 Grafton is a financially viable option for your relocation.