Cost of living in Lexington
Lexington, Massachusetts, is a historic town known for its rich heritage and vibrant community. Understanding the cost of living in Lexington is crucial for potential residents and those planning to relocate.
This guide provides a detailed breakdown of expenses in Lexington, covering dining, groceries, transportation, housing, and utilities, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $25 on average.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $75.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $17.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer averages $8, imported beer $10, cappuccino $3.5, and Coke/Pepsi $3.
Grocery Prices
Transportation
- Fuel (Gasoline) - Gasoline is priced at $0.74 per liter.
Housing Costs
- 3-Bedroom Apartment Rent (Outside Centre) - Rent for a 3-bedroom apartment outside the centre averages $2500.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $8611.13.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter also averages $8611.13.
Utilities
- Internet - Internet services average $65 per month.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data costs $50 monthly.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Lexington offers a relatively high cost of living, with significant expenses in housing and dining.
While dining out can be costly, transportation costs remain moderate, particularly for gasoline.
Housing prices are notably high, both for renting and purchasing property, reflecting the town's desirability and location.
Conclusion
In conclusion, living in Lexington, MA, comes with a premium price tag, especially in terms of housing and dining.
Potential residents should budget carefully and consider these costs when planning a move to this historic and vibrant community.