Cost of Living in New bedford, MA
Housing
The housing market plays a significant role in determining the cost of living in New bedford, MA.
- Housing Index: 115.0 / 100
- Median Home Price is: $405,000
- Average Rent (2 BR Apartment): $1565 per month
- Average Rent (2 BR House): $1701 per month
Considering a move to New bedford, MA? The current housing index is at 115.0, suggesting that housing costs are relatively moderate compared to the national average. The median home price of 405000 makes it a feasible opportunity for homebuyers, while renting options remain substantial with average rents for a 2-bedroom apartment at 1565 and for a house at 1701. This may appeal to newcomers or families seeking flexibility. Keep in mind, local amenities and economic factors can also influence overall affordability and lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New bedford, 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.): $250 per month
Living in New bedford, 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 $250 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 New bedford is a financially viable option for your relocation.