Cost of Living in South lancaster, MA
Housing
The housing market plays a significant role in determining the cost of living in South lancaster, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $397,500
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
Considering moving to South lancaster, MA? With a median home price of 397500, the real estate market appears stable, suggesting potential for growth. While the housing index is currently at 125.6, this could indicate it's a good time to buy if you’re aiming for long-term investment. Please note that average rents for a 2-bedroom apartment and house are both at 0.0 — it’s advisable to keep an eye on market trends. Overall, engaging with local experts could further illuminate your options in this promising market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in South lancaster, 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 lancaster, 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 lancaster is a financially viable option for your relocation.