Cost of Living in South boston, MA
Housing
The housing market plays a significant role in determining the cost of living in South boston, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $600,000
- Average Rent (2 BR Apartment): $3741 per month
- Average Rent (2 BR House): $4066 per month
Analyzing the housing data for South boston, MA, the current housing index stands at 125.6, indicating potential competitiveness in the market. With a median home price of 600000, homeownership may be a viable option. However, rental options remain nonexistent with average rents for both 2-bedroom apartments and houses at 3741 and 4066, respectively. This may suggest a tight rental market or temporary market shifts. It's advisable to assess local job opportunities and the lifestyle offered in South boston to align your financial plans and living preferences effectively.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in South boston, 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 South boston, 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 South boston is a financially viable option for your relocation.