Housing costs in Reading?
A typical home costs
$738,700, which is 118.5% more expensive than the national average of
$338,100 and 32.5% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Reading costs
$2,280 per month, which is 59.4% more than the national average of
$1,430 and 6.1% more than the state average of
$2,140.
Can I afford Reading?
To live comfortably in Reading, Massachusetts, a minimum annual income of
$141,480 for a family, and
$75,200 for a single person is recommended.
What does A.I. say about Reading?
Reading, MA boasts a relatively low cost of living compared to the rest of the state. The median home value in Reading is around $558,000, which is lower than the Massachusetts average of $497,300. Additionally, the cost of living index in Reading is around 128.7, while the Massachusetts average is 158.3. Finally, the median gross rent in Reading comes out to be around $1,740 per month, substantially lower than the state’s median of $2,051 per month. All in all, Reading offers a competitive and affordable cost of living for those seeking to move into the area.