Cost of living in Malden
Malden, located in Massachusetts, is a vibrant city with a diverse community and rich history. Understanding the cost of living in Malden is crucial for both current residents and those considering a move to the area.
This guide provides a detailed breakdown of expenses in Malden, covering essential categories such as housing, transportation, groceries, and more.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $10 and $31.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $61, with prices ranging from $35 to $87.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $15, with a range between $10 and $20.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $8, imported beer $4.99 to $6, cappuccino $3 to $4.5, and Coke/Pepsi $1 to $3.35.
Grocery Prices
- Milk - Milk is priced between $0.53 and $1.32 per liter, averaging $1.13.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.64 and $4.41, with an average price of $3.75.
- Eggs (Dozen) - A dozen eggs range from $2.5 to $7, averaging $4.16.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $5.05 per kg, while oranges range from $3.31 to $4.45 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.65 and $4.41 per kg, and lettuce costs $2 to $3.49 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $2.5.
- Fuel (Gasoline) - Gasoline is priced between $0.79 and $0.95 per liter.
- Taxi Fares - Taxi fares start at $3, with a cost of $2.04 per km.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $2200 to $2700, averaging $2433.33.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1800 to $2400, averaging $2000.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $3000 to $4000, averaging $3500.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2700 to $2900, averaging $2800.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $250, averaging $158.55.
- Internet - Internet services range from $30 to $80, with an average cost of $61.67.
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
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"Key Takeaways"
Malden offers a moderate cost of living with relatively high housing costs, especially in the city centre.
Dining out can be affordable, with a variety of options ranging from casual to mid-range restaurants.
Transportation costs are reasonable, with affordable public transport and fuel prices.
Grocery prices are competitive, with a wide range of options for fresh produce and essentials.
Conclusion
In conclusion, Malden presents a balanced cost of living with some areas of higher expense, particularly in housing.
Prospective residents should consider their budget for housing and dining, while also taking advantage of the city's affordable transportation and grocery options.