Cost of Living in Halifax, MA
Housing
The housing market plays a significant role in determining the cost of living in Halifax, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
After reviewing the provided data for Halifax, MA, it's evident that the current economic climate may heavily influence housing options. With a housing index of 125.6, this indicates either substantial market challenges or an incomplete snapshot. The median home price stands at 0, pointing to potential affordability issues. Notably, without data on rental prices for both 2-bedroom apartments and houses (currently at 2614 and 2841, respectively), evaluating the rental market becomes difficult. Prospective residents might consider economic factors and job market conditions before making a move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Halifax, 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 Halifax, 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 Halifax is a financially viable option for your relocation.