Cost of Living in Palmer, MA
Housing
The housing market plays a significant role in determining the cost of living in Palmer, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $309,900
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
Considering a move to Palmer, MA? The current data indicates a housing index of 125.6, with a median home price of 309900. Unfortunately, average rent for both a 2-bedroom apartment and house stands at $0, likely indicating either a lack of availability or recent shifts in the rental market. Investigate local neighborhood specifics, as well as surrounding areas, and don't forget about property taxes and cost-of-living variations in your budgeting process. Being informed about market trends can make a significant difference in your decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Palmer, 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 Palmer, 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 Palmer is a financially viable option for your relocation.