Housing costs in Somerville?
A typical home costs
$762,800, which is 125.6% more expensive than the national average of
$338,100 and 36.9% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Somerville costs
$3,050 per month, which is 113.3% more than the national average of
$1,430 and 29.8% more than the state average of
$2,140.
Can I afford Somerville?
To live comfortably in Somerville, Massachusetts, a minimum annual income of
$146,160 for a family, and
$100,400 for a single person is recommended.
What does A.I. say about Somerville?
Somerville conveys a unique chance at great value for moderately priced living placed somewhere close by Massachusetts' Middlesex County boasting median housing values arriving around the mid-$400s and rent usually lands near by between 1.4 - 2 thousand depending upon desired amenities - notably higher compared to other places in The Bay State like Melrose or Saugus which are situated far farther up northwestward. Groceries similarly stay almost equal with United States levels due largely to local taxes & regulations while sales tax amounts out unaltered at no less than 6%.