(Closed) Rent/Morgage/ Cost of Living in your area?

posted 7 years ago in Home
Post # 92
Member
335 posts
Helper bee
  • Wedding: September 2013

Since mortgage has too many factors, I’ll just say the typical rents in the area.

If you’re looking in a prime area outside of downtown Boston, think 20-30 min commute on public transportation, the rent for a 1 bedroom can be around $1,400-$1,600 including heat & hot water and depending on which type of transportation you’re on, and of course the size (this includes 500sq ft apartments too). Parking may/may not be included in that, depends on where you are. You wouldn’t want to send your kids to school in any area with the rent being in the lower part of that range.

If you’re looking to buy that tiny 1 bedroom apartment, it’ll cost around $220,000 minimum, and that’s without parking. Plus you pay condo fees- in this area it’s typically around $300-$350/month including heat/hot water. If you’re looking at the same 1 bedroom either with parking or with good schools, it’ll be closer to $250,000. If you’re looking at 3 bedroom houses within a 20 mile radius of Boston, that have decent school systems (I’m not talking top ranking in the state), it’ll be around $350,000-$500,000 (depends on condition, ease of commute, proximity to transportation, etc). For the towns with top ranking schools, the cheapest 3 bedroom you can find is about $500,000, but it will have lots of issues.

Post # 93
Member
734 posts
Busy bee
  • Wedding: November 2007

Our home is 3br/2ba with 1400 square feet and mortgage is $500/month.

 

The homes around us are between 3-4 br and 2-3 bath with 1400-2100 square feet for anywhere between $600-1000/month.

 

For apartments, it’s around $600-700 month for a *decent* neighborhood and 1 br/1 ba. For a really good neighborhood with 2 bedrooms, it’s around $850 or so.

To rent houses, I’ve seen them around $850/month for a 3br/2ba house with around the same (or less) square footage as our house.

 

 

 

Post # 94
Member
104 posts
Blushing bee
  • Wedding: November 2014

Fiance and I live in the Richmond VA area, close to the upscale suburban area, not in the downtown area and rent for our 1-bedroom, 1-bathroom definitely reflects that – we pay $930/month, water and trash included.  That said, it’s about to go up $30 next month when we renew.  It’s worth it to us because it’s a safe, quiet area that allows pets and isn’t far from his or my work.  We have considered moving but one, we’d have to use a moving company (we’ve packed a LOT into our 1-bedroom lol) which would be expensive and two, we’re so convenient to every place we ever need.

Post # 95
Member
885 posts
Busy bee
  • Wedding: July 2009

View original reply
@Bainise2013: 

I was living at home when I was a reporter (age 18 to 20), so I only had to pay a flat amount at home, which helped.  I subsidized my own education (scholarships and loans), but only having to pay a flat fee at home certainly helped.  I moved out at age 20. 

I am not a prosecutor.  I do defense, so if a person gets hurt in Gov’t property, I represent the local government; i provide counsel on ethical issues, the constitutionality of legislation, etc..  Also, if a gov’t employee gets fired and sues the county for descrimination or whatever, I defend the county.   

Post # 96
Member
358 posts
Helper bee

$3000/month, Northern California (Bay Area) 2 bedroom house, 1500/sq ft.  

Post # 97
Member
92 posts
Worker bee

We live in a 750 sq ft duplex apartment. We have a basement (an extra 350 sq ft for storage),  a 1st floor, and 2nd floor. We have a dishwasher (we paid to have the plumbing and dishwasher installed), and washer/dryer. Cold water and sewage is included in the $700 rent. We have a small yard and driveway. We live in a cul de sac.

Post # 98
Member
9831 posts
Buzzing Beekeeper
  • Wedding: April 2019

A three bedroom house will cost around $400-$500 per week, a one bedroom unit will cost between $200 and $300 per week. To buy a basic three bedroom house is about $500-$600k. Hence why Fiance and I are still living with our parents!

Post # 99
Member
142 posts
Blushing bee
  • Wedding: January 2014

Wow I am so jealous of the low rent values I see here! We just got a 2 bedroom 1 bath 900 square foot apartment in Manhattan Beach of LA County for $1700. It is less than a 5 minute walk to the beach. We got EXTREMELY lucky with rent. Remodeled luxury apartments in the area run over $2000 for 1 bedroom and $2500-3000 for 2 bedrooms. Nice, but older apartments like ours run $1900-2300 for 2 bedrooms. Cost of living here is insane. We both make a good living, but will be in no position to buy a house anytime soon. Homes in Orange County, where we will look into later, run over $600,000-$700,000 at least for a fixer upper. 

Post # 100
Member
66 posts
Worker bee
  • Wedding: January 2013

Want to be really shocked… our property taxes ALONE are more than some of your rent.  Nearly $10k/year in property taxes for a 1000 sq ft single family house in Central New Jersey.  We are considered lucky as our taxes are much lower than many surrounding towns.

Post # 101
Member
454 posts
Helper bee
  • Wedding: October 2013

View original reply
@AngelR88:  

It sounds so interesting! Congrats on your success. You must be so proud to have achieved so much at such a young age.

Post # 102
Member
1344 posts
Bumble bee
  • Wedding: October 2013 - Vine Street Church

We live in East Nashville, Tennessee, and our mortgage is $1000 a month for a three bedroom, two bath 1400 sq ft house with a one car garage that we’re going to be converting into living space, fireplace, hardwood floors and quarter acre of wooded yard that is fenced. Our electric bill is about $120-140 a month and water is $25 a month. Trash and recycling pickup is included in our property taxes.

Post # 103
Member
997 posts
Busy bee
  • Wedding: May 2014

We live in a rural area in northwest New Jersey. My Fiance and I live in a duplex built in the 1800s. We have the top floor. It’s one bedroom/one bathroom, about 600 square feet, with a washer and dryer in the basement. It normally rents for $900 including utilities. My parents own the building though so we only pay $500. Our rent is very cheap for the area because of the family discount. We are lucky.

Some of these posts make me want to move! Our apartment isn’t even that nice.

Post # 104
Member
134 posts
Blushing bee
  • Wedding: August 2014

Hear This! Small town in Holland near Amsterdam

 

3 bedrooms , 1 bath (typical in Holland) huge backyard, plenty parking space, an addic (sp?) including all our costs we pay 1062 US Dollars. We live right a cross a small petting zoo and a big ass forrest. houses are cheap here! But I would give it up today if I could live in a tiny appartment in the city again. 

 

Post # 106
Member
211 posts
Helper bee
  • Wedding: April 2014

We have the highest cost of living in the world. In Manhattan the average cost of a 1 bedroom apartment is about $900,000 and the cost of a 1 bedroom in Brooklyn is over $400,00. We have to live in the city because we work here and because my fiancé needs to take public transport because he has eyesight issues, he might not be able to drive. In 2006 they said that you need to have 168,000 to be middle class in NYC for a family of 3 that is. We don’t even make 90,000. Our grocery bill is over $600 per month. I don’t know how we will raise a family here. I shouldn’t complain because after all I am marrying and utterly amazing man! We have a cat whom we love to pieces, a roof over our heads and I can work from home. Life is good, but it doesn’t mean it isn’t hard. Try to sell old stuff that you don’t use, buy pet food wholesale,walk instead of joining a gym and invest a little bit, but not too much!

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