Cost of Living in Hampden, MA
Housing
The housing market plays a significant role in determining the cost of living in Hampden, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $300,000
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
If you're considering a move to Hampden, MA, the current housing market presents some noteworthy insights. With a housing index of 125.6, it's slightly above the national average, indicating a competitive environment. The median home price of 300000 suggests it's a good time to invest, particularly when contrasted with average rents of 2614 for apartments and 2841 for houses, which show home ownership may provide better long-term financial security and equity growth. Evaluate these aspects to determine the best route for your living situation in Hampden.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hampden, 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 Hampden, 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 Hampden is a financially viable option for your relocation.