Cost of Living in Hyde park, MA
Housing
The housing market plays a significant role in determining the cost of living in Hyde park, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $450,000
- Average Rent (2 BR Apartment): $2451 per month
- Average Rent (2 BR House): $2664 per month
Considering the provided data for Hyde park, MA, it seems that the housing market is enduring significant challenges, indicated by a housing index of 125.6, and no rental data available for 2-bedroom apartments and houses. However, the median home price stands at 450000, which suggests opportunities for homebuyers looking for long-term investments. It’s essential to analyze local market trends, employment rates, and quality of amenities, as these factors can significantly influence both real estate desirability and rental dynamics in the region.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hyde park, 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 Hyde park, 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 Hyde park is a financially viable option for your relocation.