Cost of Living in Otis, MA
Housing
The housing market plays a significant role in determining the cost of living in Otis, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $350,000
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
In analyzing the real estate market in Otis, MA, we see a median home price of 350000. Notably, with a housing index of 125.6, it indicates a potential opportunity for buyers, especially in a market where rents may not be clearly defined. Although both the average rent for a 2-bedroom apartment and house are recorded as 2614 and 2841, it would be prudent to investigate local demand further, as this could impact future housing prices and rental availability. Consider local amenities and job opportunities when 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 Otis, 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 Otis, 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 Otis is a financially viable option for your relocation.