Cost of living in Nantucket
Nantucket, a picturesque island off the coast of Massachusetts, is known for its charming cobblestone streets and historic homes. Understanding the cost of living here is crucial for potential residents and visitors alike.
This guide provides a detailed breakdown of expenses in Nantucket, covering everything from dining and groceries to transportation and housing.
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 $65.
- 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 $4.45, and Coke/Pepsi $1.75 to $2.3.
Grocery Prices
- Milk - Milk is priced between $0.53 and $1.06 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 $7, 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
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is between $770 and $1900 monthly, averaging $1335.
- International Primary School, Yearly for 1 Child - Yearly tuition for international primary school is $30,000.
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.
Cost of Living Data
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"Key Takeaways"
Nantucket's cost of living is relatively high, with significant expenses in dining, groceries, and housing.
Transportation costs are moderate, but owning a car can be expensive due to high purchase prices.
Utilities and internet services are also on the higher side, reflecting the island's premium living standards.
Conclusion
Living in Nantucket offers a unique blend of historic charm and modern amenities, but it comes with a high cost of living.
Prospective residents should budget carefully, especially for housing and dining, to make the most of their experience on this beautiful island.