Cost of Living in Lanesborough, MA
Housing
The housing market plays a significant role in determining the cost of living in Lanesborough, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $325,000
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
Considering moving to Lanesborough, MA? The current housing sentiment poses a prevalent challenge as indicated by a housing index of 125.6. While the median home price stands at 325000, rental options appear non-existent with both average rents for a 2BR apartment and house reported as 2614 and 2841 respectively. This unique combination could suggest potential buying opportunities, depending on local salary standards and demand for homes. However, gauging the area's overall livability, amenity access, and future growth is crucial before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lanesborough, 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 Lanesborough, 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 Lanesborough is a financially viable option for your relocation.