Cost of Living in Leominster, MA
Housing
The housing market plays a significant role in determining the cost of living in Leominster, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $352,000
- Average Rent (2 BR Apartment): $1641 per month
- Average Rent (2 BR House): $1784 per month
Considering a move to Leominster, MA? The housing index stands at 125.6, indicating it's relatively more expensive compared to the national average. With a median home price of 352000, owning property here requires a significant investment. Renting may be slightly more affordable for a 2-bedroom apartment at 1641, while a 2-bedroom house costs around 1784. This suggests a competitive market favoring potential homebuyers, especially in a manageable rental market. Researching local amenities and lifestyle factors can significantly assist your decision-making process before relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Leominster, 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 Leominster, 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 Leominster is a financially viable option for your relocation.