Cost of Living in Somerville
Summary: If you are thinking about moving to Somerville, here is an overview of the cost of living there.
Cost of living in Somerville, varies depending on the type of housing, lifestyle, and personal needs. Housing prices in Somerville can fluctuate based on market conditions, location, and property features. As of my knowledge cutoff in early 2023, the median home value in Somerville is around $350,000 to $450,000. For a 3-bedroom home, prices typically range from $300,000 to $400,000, while 4-bedroom homes may cost between $400,000 and $500,000 or more, depending on the size, condition, and exact location within Somerville.
Apartment rentals in Somerville are also subject to variation based on size, location, and amenities. A 1-bedroom apartment might rent for between $1,200 and $1,800 per month, while a 2-bedroom apartment could cost between $1,500 and $2,500 per month. For those interested in purchasing an apartment or a condo, prices can range widely, but you might expect to pay anywhere from $200,000 to $400,000, depending on the number of bedrooms and the specific features of the unit.
When it comes to dining out, Somerville offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A meal at an inexpensive restaurant might cost around $15 to $25 per person, while a three-course meal at a mid-range restaurant could be priced between $50 and $70 per person. Fast food and takeout options are also widely available, with prices typical of national averages.
Utilities, including electricity, heating, cooling, water, and garbage, for a standard apartment can range from $150 to $250 per month, depending on usage and the time of year. Internet services typically add another $60 to $100 to monthly expenses.
Private school tuition in Somerville varies significantly based on the institution and the level of education. Preschool tuition can range from $800 to $1,500 per month. Elementary and middle schools might charge anywhere from $5,000 to $20,000 per year, while private high schools can cost between $10,000 and $30,000 annually. These prices are highly dependent on the school's reputation, facilities, and the specific programs they offer.
| Item | Cost |
|---|---|
| 3-bedroom Home Purchase | $300,000 - $400,000 |
| 4-bedroom Home Purchase | $400,000 - $500,000+ |
| 1-bedroom Apartment Rental | $1,200 - $1,800 / month |
| 2-bedroom Apartment Rental | $1,500 - $2,500 / month |
| Apartment Purchase | $200,000 - $400,000 |
| Inexpensive Restaurant Meal | $15 - $25 |
| Mid-range Restaurant 3-course Meal | $50 - $70 |
| Monthly Utilities | $150 - $250 |
| Internet (monthly) | $60 - $100 |
| Private Preschool Tuition (monthly) | $800 - $1,500 |
| Private Elementary School Tuition (yearly) | $5,000 - $20,000 |
| Private Middle School Tuition (yearly) | $5,000 - $20,000 |
| Private High School Tuition (yearly) | $10,000 - $30,000 |
About the Author
Betsy Burlingame is one of the founders of BlueBurbia and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and BlueBurbia, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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