Cost of Living in Watertown, MA
Housing
The housing market plays a significant role in determining the cost of living in Watertown, MA.
- Housing Index: 125.6 / 100
- Median Home Price is: $616,800
- Average Rent (2 BR Apartment): $2864 per month
- Average Rent (2 BR House): $3113 per month
Considering a move to Watertown, MA? With a housing index of 125.6, it's worth noting that the cost of living is above the national average. The median home price is around 616800, making homeownership a significant investment. Renters face average expenses of 2864 for a 2-bedroom apartment or 3113 for a 2-bedroom house. Additionally, it's important to check local job markets and amenities which can further affect your quality of life in this area. Weigh these costs against potential income to make the best decision for your future.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Watertown, 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 Watertown, 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 Watertown is a financially viable option for your relocation.