Cost of Living,
Northampton's Real Estate Market
Springfield Metro Area
Profile: Mid-sized city
Location: Southwest Massachusetts, on the Connecticut River, 6 miles north of the Connecticut border
Time zone: Eastern Standard Time
|Cost of living ||Violent crime|
Springfield, once a major center of industrial innovation, is the state’s third-largest city and a regional health, retail and financial center. Locals are credited with development of the Springfield Rifle, the 1895 Duryea motorcar, and basketball (thanks to Dr. James Naismith, in 1891. Some credit the motorcycle to area inventors and the early Indian Manufacturing Company. At one time that area was a significant manufacturing center, but most has left the area (including most recently a forge that made Craftsman tools).
The “five college” area to the north includes the University of Massachusetts in Amherst and colleges of Amherst, Holyoke, Smith, and Hampshire, and the Berkshire mountains to the north and west offer some recreation. The Cost of Living is no bargain, but on a Massachusetts scale it is attractive, particularly scaled against local incomes and projected income growth. The employment picture is currently weak, and climate and crime further depress the ranking.
The area sits in a broad valley in the western part of Massachusetts. Thickly wooded hills rise immediately to the east and west of the valley. The climate is continental with distinct seasons and highly variable weather. Summers are hot, humid, and calm with occasional thundershowers. The Berkshire Mountains to the west slow larger storm fronts. Winters bring frequent cold snaps and snow, particularly generated by moist mid-Atlantic storms colliding with cold, northerly air masses. First freeze is mid-October, last is late April.
Interesting Facts about Northampton, Massachusetts
As of 2014, Northampton's population is 28,642 people. Since 2000, it has had a population growth of -1.17 percent.--------------------
The median home cost in Northampton is $254,900. Home appreciation the last year has been 0.50 percent.--------------------
Compared to the rest of the country, Northampton's cost of living is 26.00% Higher than the U.S. average.--------------------
Northampton public schools spend $15,838 per student. The average school expenditure in the U.S. is $12,435. There are about 10.9 students per teacher in Northampton.--------------------
The unemployment rate in Northampton is 3.80 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Northampton jobs have Increased by 0.85 percent.
Ranked #4 Best Green Cities
Ranked #6 Best Cities for Teleworking - Small Metro Areas
Ranked #9 America’s Best (and Worst) Cities for Dating
Ranked #12 Most Competitive Private Colleges
Ranked #17 The Most Single Cities
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Average Commute time is 21 minutes. The National Average is 25 minutes.--------------------
Northampton's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes