Housing costs in Lunenburg?
A typical home costs
$440,700, which is 30.3% more expensive than the national average of
$338,100 and 20.9% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lunenburg costs
$2,120 per month, which is 48.3% more than the national average of
$1,430 and close to the state average of
$2,140.
Can I afford Lunenburg?
To live comfortably in Lunenburg, Massachusetts, a minimum annual income of
$84,600 for a family, and
$65,600 for a single person is recommended.
What does A.I. say about Lunenburg?
The cost of living in Lunenburg, MA is relatively low compared to other areas in the state. The median home price is lower than most nearby towns and cities, and the overall cost of living is 4% below the national average. Utilities are also very reasonable, with electricity rates at 11 cents per kilowatt-hour and natural gas prices at about $1.50 per therm. In terms of taxes, there is no sales tax in Lunenburg, MA, which can be a savings for those who need to purchase items regularly. Additionally, Massachusetts has an income tax rate that ranges from 5.05% to 5.95%, which is still lower than many other states. All these factors make Lunenburg a great place to both live and work for those looking for affordability without sacrificing quality of life or desirable amenities.