Housing costs in Worcester?
A typical home costs
$386,300, which is 14.3% more expensive than the national average of
$338,100 and 30.7% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Worcester costs
$1,530 per month, which is 7.0% more than the national average of
$1,430 and 39.9% cheaper than the state average of
$2,140.
Can I afford Worcester?
To live comfortably in Worcester Massachuse Metro Area, Massachusetts, a minimum annual income of
$74,160 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Worcester?
The cost of living in Worcester, MA Metro Area is 8.8% higher than the national average, at a rate of 108.8 compared to 100. This means that while the median home value in the area is slightly above the US average, at $386,300 versus $338,100, overall costs are higher for goods and services. The higher cost of living reflects increased demand in the area due to its rapidly growing population and its many attractions such as museums, parks and historical sites.