Cost of Living in Hyannis port, MA
Housing
The housing market plays a significant role in determining the cost of living in Hyannis port, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $1,100,000
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
In Hyannis port, MA, the real estate market presents a notable opportunity, especially with a median home price of 1100000. Despite the housing index at 125.6, which suggests an imbalance or limited data, it is important to consider overall affordability and future growth potential. The absence of average rent prices for a 2-bedroom apartment and house indicates a competitive market where purchasing may offer better long-term investments compared to renting. Additionally, research indicate that homeownership can provide a hedge against inflation, making this market one to watch.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hyannis port, 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 Hyannis port, 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 Hyannis port is a financially viable option for your relocation.