Cost of Living in North reading, MA
Housing
The housing market plays a significant role in determining the cost of living in North reading, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $500,000
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
Considering a move to North reading, MA? With a housing index of 125.6, it indicates a competitive market. The median home price of 500000 suggests potentially significant investment, while average rents of 2614 for an apartment and 2841 for a house reflect the premium lifestyle in the area. Keep in mind, high living costs can correlate with robust job markets and quality amenities, often attracting professionals and families alike. Carefully weigh your budget against these considerations to ensure a financially sound decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in North reading, 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 North reading, 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 North reading is a financially viable option for your relocation.