Cost of living in Wakefield
Wakefield, located in New Hampshire, offers a unique blend of small-town charm and accessibility to larger urban areas. Understanding the cost of living in Wakefield is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses, including 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 $16 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 $10 and $14.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $9, imported beer $7 to $10, cappuccino $3 to $8, and Coke/Pepsi $2.5 to $3.
Grocery Prices
- Milk - Milk is priced between $0.75 and $1.19 per liter, averaging $1.04.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $4.41, with an average price of $3.89.
- Eggs (Dozen) - A dozen eggs range from $3 to $5.99, averaging $4.5.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.28 to $12.13 per kg, while oranges range from $4.76 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.07 and $8.82 per kg, and lettuce costs $2 to $2.69 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.84 and $0.97 per liter.
- Car Purchase (e.g., Volkswagen Golf, Toyota Corolla) - A new Volkswagen Golf costs between $30,000 and $35,531.35, while a Toyota Corolla ranges from $26,002.59 to $40,000.
Housing Costs
- Mortgage Interest Rate - The average mortgage interest rate is 6.74%, with a range from 6.19% to 6.8% for a 20-year fixed-rate mortgage.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $150 and $300, averaging $225.
- Internet - Internet services range from $50 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"
Wakefield's cost of living reflects its small-town charm with moderate dining and grocery prices.
Transportation costs are relatively low, especially for gasoline, but purchasing a new car can be a significant expense.
Utilities and internet services are reasonably priced, making it manageable for residents.
Conclusion
In conclusion, Wakefield offers a balanced cost of living with affordable utilities and moderate dining expenses.
While housing and car purchases can be costly, the overall expenses are manageable for those seeking a small-town lifestyle with access to urban amenities.