Housing costs in Leicester?
A typical home costs
$385,300, which is 14.0% more expensive than the national average of
$338,100 and 30.9% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Leicester costs
$1,370 per month, which is 4.2% cheaper than the national average of
$1,430 and 56.2% cheaper than the state average of
$2,140.
Can I afford Leicester?
To live comfortably in Leicester, Massachusetts, a minimum annual income of
$73,800 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Leicester?
Leicester, MA offers an affordable cost of living that is lower than both the Massachusetts and national average. The median home value in Leicester is $223,200, which is much lower than the state's median home value of $474,700. Similarly, the median household income for Leicester is $66,167, while the median household income for Massachusetts comes to $80,088. When it comes to overall affordability of goods and services in Leicester compared to other nearby cities and towns, it stands out as a great value. Taxes are also relatively low making it an attractive choice for many families looking to purchase a home or rent an apartment in the area.