Cost of Living in Waban, MA
Housing
The housing market plays a significant role in determining the cost of living in Waban, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $1,000,000
- Average Rent (2 BR Apartment): $2614 per month
- Average Rent (2 BR House): $2841 per month
Based on the data for Waban, MA, we note a significantly high median home price of 1000000, which raises a red flag for affordability. The lack of available rental data, indicated by 2614 and 2841 being recorded as zero, may suggest limited rental options in this area. Potential buyers and renters should tread carefully, considering local economic conditions and the proximity to job markets. Historically, areas with high median prices may offer great appreciation potential, but assessing overall value requires additional insights on community resources and lifestyle benefits.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Waban, 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 Waban, 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 Waban is a financially viable option for your relocation.