Cost of living in Newton
Newton, Massachusetts, is a vibrant city known for its rich history and proximity to Boston. Understanding the cost of living in Newton is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses in Newton, 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, with a range between $15 and $40.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $110, with prices ranging from $60 to $160.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $5 and $14.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $12, imported beer $7 to $13, cappuccino $3 to $8, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.75 and $1.32 per liter, averaging $1.19.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $7, with an average price of $3.89.
- Eggs (Dozen) - A dozen eggs range from $2.99 to $5.99, averaging $4.4.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.7 to $8.82 per kg, while oranges range from $2.6 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.76 and $7.72 per kg, and lettuce costs $1.69 to $2.69 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $2.4, with a monthly pass priced at $90.
- Fuel (Gasoline) - Gasoline is priced between $0.82 and $1 per liter.
- Taxi Fares - Taxi fares start at $2.7, with a cost of $1.74 to $3.73 per km and $28 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1850.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent also averages $1850.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $3750.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $3750.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $5887.86.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $4833.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $122.78 and $303.57, averaging $200.87.
- Internet - Internet services range from $40 to $100, with an average cost of $71.2.
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"
Newton, MA, presents a relatively high cost of living, particularly in housing and dining. Rent prices are consistent both in and outside the city centre, indicating a stable housing market.
Grocery prices are varied, with some items like bread and fruits showing a wide price range. Transportation costs are moderate, with affordable public transport options.
Utilities and internet services are reasonably priced, though dining out can be expensive, especially at mid-range restaurants.
Conclusion
In conclusion, Newton, MA, offers a high standard of living with corresponding costs. The city is ideal for those who can afford its premium housing and dining expenses.
Potential residents should budget carefully, especially for housing and dining, while taking advantage of the city's efficient public transportation system to manage costs.