Housing costs in Wakefield?
A typical home costs
$645,500, which is 90.9% more expensive than the national average of
$338,100 and 15.8% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Wakefield costs
$2,230 per month, which is 55.9% more than the national average of
$1,430 and 4.0% more than the state average of
$2,140.
Can I afford Wakefield?
To live comfortably in Wakefield, Massachusetts, a minimum annual income of
$123,840 for a family, and
$73,600 for a single person is recommended.
What does A.I. say about Wakefield?
Wakefield, MA is an affordable place to live, with the cost of living here being approximately 4% lower than the national average. Housing costs in this area are quite reasonable, with a median price for a home coming in at around $385,000. Utilities in Wakefield are also relatively cheap compared to other areas of Massachusetts. In addition, there is no state income tax in this region, which makes it even easier to budget for living expenses. All these factors combined make Wakefield an attractive place to call home for those looking for a high quality of life while still keeping their budget under control.