Cost of Living in Hyannis, MA
Housing
The housing market plays a significant role in determining the cost of living in Hyannis, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $420,000
- Average Rent (2 BR Apartment): $2872 per month
- Average Rent (2 BR House): $3122 per month
Considering a move to Hyannis, MA? The housing index stands at 125.6, indicating it's more expensive than the national average. The median home price of 420000 suggests a competitive market, reflecting the desirability of the area. Average rents for a 2-bedroom apartment and house are 2872 and 3122, respectively, which can stretch a budget. Additionally, while property values reflect a strong local economy, it’s essential to weigh these costs against your income to ensure long-term affordability. Evaluate your options carefully!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hyannis, 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, 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 is a financially viable option for your relocation.