Cost of Living,
Worcester's Real Estate Market
Worcester Metro Area
Profile: Mid-sized city Location: Center of Massachusetts between Connecticut/Rhode Island and New Hampshire border Elevation: 470 Time zone: Eastern Standard Time
|Educated population ||Economy|
|Local arts and culture ||Harsh winters|
|Central location ||Cost of living|
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Worcester is the second largest city in Massachusetts. From its roots in the Industrial Revolution, it is evolving into a diverse research, manufacturing, and technology center, featuring a significant health care presence and a large biotechnology research park. The downtown is being gradually restored and modernized. Origins as a cultural center continue with the area’s many small museums and colleges, as well as a good set of small performing arts amenities. Mountain areas to the west and lakes mainly north offer good recreation opportunities. Cost of living is influenced by more expensive areas east and is high for local income levels.
The area has grown to include all of Worcester county, and thus the twin cities of Fitchburg and Leominster to the north, typical New England towns with similar economic challenges. There is a strong sense of community pride. Central location relative to Boston, discount air service and other amenities in Providence, and other points New England make it attractive.
Worcester is located in a valley surrounded by hills and ridges rising from 500 feet above the city to over 1,000 feet 15 miles north. There are long valleys, some with reservoirs, between the nearby hills. Proximity to the Atlantic Ocean, Long Island Sound, and the Berkshire Hills to the west plays an important part in weather and climate. Rapid weather changes occur when storms move up the East Coast from the Carolinas. The mountains provide some shelter from storm systems from the west. Summers are moderate. Winters are usually moderate for the latitude but have frequent cold snaps. Precipitation is spread evenly throughout the year, with summer thunderstorms developing over the mountains. First freeze is mid-October, last is late April.
Interesting Facts about Worcester, Massachusetts
As of 2014, Worcester's population is 181,473 people. Since 2000, it has had a population growth of 5.28 percent.--------------------
The median home cost in Worcester is $177,400. Home appreciation the last year has been 1.50 percent.--------------------
Compared to the rest of the country, Worcester's cost of living is 5.20% Higher than the U.S. average.--------------------
Worcester public schools spend $15,087 per student. The average school expenditure in the U.S. is $12,435. There are about 13.8 students per teacher in Worcester.--------------------
The unemployment rate in Worcester is 6.80 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Worcester jobs have Increased by 0.75 percent.
Ranked #12 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #23 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #33 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
Ranked #70 The Most Single Cities
Ranked #72 Drought-Riskiest Cities
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Average Commute time is 23 minutes. The National Average is 25 minutes.--------------------
Worcester'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