This is not a list that Boston wants to top. According to a new report by LendingTree, prices for utilities are surging across the country and Boston heads the list. Writing for Newsweek, Suzanne Blake reports, “Northeast cities have some of the highest monthly utility costs, with Boston, New York, Providence and Philadelphia claiming the top four spots.
While Boston had an average cost of $674.97, New York came in a little behind at $635.07. Meanwhile, Providence and Philadelphia residents paid $583.74 and $562.41, respectively.”
And more:
“The Northeast leads because it’s basically paying the price for being old and cold. These cities are dealing with aging infrastructure that’s incredibly expensive to maintain.
As they renovate these old buildings, these metros get trapped in what I call the ‘efficiency paradox.’ They’re actually becoming some of the most energy-efficient cities in the country. But their utility costs are sky high because they’re subsidizing the massive infrastructure upgrades needed to stay that way.”
Read the Newsweek article.