Cost of Living in Nantucket

Cost Guide for Living in Nantucket, United States

Nantucket, an island off the coast of Massachusetts, is known for its charming cobblestone streets, historic architecture, and picturesque beaches. Living in Nantucket offers a unique experience, but it comes with a price tag. In this comprehensive cost guide, we will break down the various expenses you can expect when living in Nantucket, including rent ranges by neighborhood, coworking costs, SIM/data plans, food costs, transport passes, gym memberships, internet speeds, safety notes, neighborhood comparisons, and a monthly budget breakdown.

Rent Ranges by Neighborhood

Nantucket is divided into several neighborhoods, each offering a different living experience and price range. Here are some average rent ranges for a one-bedroom apartment in popular Nantucket neighborhoods:

- Downtown Nantucket: $2,500 - $3,500 per month - Mid Island: $2,000 - $2,800 per month - Sconset: $2,500 - $4,000 per month

These figures are approximate and can vary based on factors such as the size of the apartment, location within the neighborhood, and amenities offered.

Coworking Costs

If you're a remote worker or freelancer looking for coworking spaces in Nantucket, you can expect to pay around $30 - $40 per day for a hot desk or $300 - $400 per month for a dedicated desk. Popular coworking spaces in Nantucket include The Nantucket Hive and Nantucket Innovation Lab.

SIM/Data Plans

For mobile phone plans in Nantucket, you can expect to pay around $50 - $80 per month for a standard plan with unlimited calls, texts, and data. Major carriers such as Verizon, AT&T, and T-Mobile have good coverage on the island.

Food Costs

Eating out in Nantucket can be pricey, with a meal at a mid-range restaurant costing around $25 - $40 per person. If you prefer cooking at home, a weekly grocery bill for one person can range from $50 - $100, depending on your shopping habits and dietary preferences.

Transport Passes

Nantucket does not have public transport like buses or trains. Most residents rely on cars, bicycles, or walking to get around the island. If you need to travel off the island, you can take a ferry or flight to the mainland. A round-trip ferry ticket to Hyannis, Massachusetts, can cost around $75 - $150, depending on the season and type of service.

Gym Memberships

Joining a gym in Nantucket can cost you around $50 - $100 per month, depending on the facilities and services offered. Popular gyms on the island include The Nantucket Hotel Fitness Center and Nantucket Health Club.

Internet Speeds

Nantucket offers decent internet speeds, with providers like Comcast Xfinity and Verizon Fios offering speeds ranging from 100 Mbps to 1 Gbps. You can expect to pay around $50 - $100 per month for a high-speed internet connection.

Safety Notes

Nantucket is generally a safe place to live, with low crime rates compared to other parts of the United States. However, like any other place, it's essential to take common-sense precautions to ensure your safety and security.

Neighborhood Comparison

- Downtown Nantucket: Ideal for those who want to be close to restaurants, shops, and nightlife. - Mid Island: Offers a more affordable living option with easy access to amenities. - Sconset: Known for its historic charm and peaceful surroundings, but can be more expensive.

Monthly Budget Breakdown

To give you an idea of the monthly expenses for living in Nantucket, here is a sample budget breakdown for a single person:

- Rent (1-bedroom apartment): $2,500 - Utilities: $100 - Food: $300 - Transportation (car maintenance, gas): $200 - Gym Membership: $50 - Internet: $75 - Miscellaneous: $200

Total Monthly Expenses: $3,425

Living in Nantucket can be a rewarding experience, but it's essential to budget wisely and plan for the higher cost of living on the island. By considering the various expenses outlined in this guide, you can better prepare for your move to Nantucket and enjoy all that this beautiful island has to offer.