Cost of living in Martha's Vineyard
Martha's Vineyard, a picturesque island located off the coast of Massachusetts, is known for its stunning landscapes and vibrant community. Understanding the cost of living here is crucial for both potential residents and visitors.
The cost of living in Martha's Vineyard can vary significantly depending on lifestyle choices and personal needs. This guide provides a detailed breakdown of expenses, including housing, dining, transportation, 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 $15 and $31.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $60, with prices ranging from $55 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.4, with a range between $9.79 and $11.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $8, imported beer $5 to $6, cappuccino $3 to $5.5, and Coke/Pepsi $1.75 to $2.5.
Grocery Prices
- Milk - Milk is priced between $0.53 and $2.38 per liter, averaging $0.96.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.64 and $6.38, with an average price of $3.75.
- Eggs (Dozen) - A dozen eggs range from $3 to $10, averaging $3.72.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $5.05 per kg, while oranges range from $2.2 to $4.45 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.65 and $4.41 per kg, and lettuce costs $1 to $2.79 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.79 and $1.06 per liter.
- Taxi Fares - Taxi fares start at $3, with a cost of $2.04 per km.
- Car Purchase - A new Volkswagen Golf costs $35,000, while a Toyota Corolla is priced at $25,000.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1800.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $3500.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent for a 3-bedroom apartment averages $3800.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $340, averaging $156.67.
- Internet - Internet services range from $50 to $80, with an average cost of $64.6.
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.
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"Key Takeaways"
Martha's Vineyard presents a unique cost of living landscape, with housing and dining being significant expenses.
While dining out can be costly, grocery prices offer some affordability, particularly for basic items like milk and bread.
Transportation costs are moderate, with gasoline prices being relatively low compared to urban areas.
Housing remains a major expense, especially for larger apartments, both in and outside the city centre.
Conclusion
In conclusion, Martha's Vineyard offers a blend of high living costs in certain areas, such as housing and dining, while providing more affordable options in groceries and transportation.
Potential residents should carefully consider their budget and lifestyle preferences when planning a move to this scenic island.