Housing costs in Norwell?
A typical home costs
$812,200, which is 140.2% more expensive than the national average of
$338,100 and 45.7% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Norwell costs
$2,240 per month, which is 56.6% more than the national average of
$1,430 and 4.5% more than the state average of
$2,140.
Can I afford Norwell?
To live comfortably in Norwell, Massachusetts, a minimum annual income of
$155,520 for a family, and
$71,600 for a single person is recommended.
What does A.I. say about Norwell?
Norwell, MA is a great place to live with a relatively low cost of living. The median home price in Norwell is around $569,000 which is significantly lower than the average median home price in Massachusetts of around $414,400. Rent averages around $1,700 per month for a one-bedroom apartment and utility costs are about 21% lower than the United States national average. Tax rates are also relatively low compared to other states and residents enjoy a variety of amenities such as excellent schools, plenty of outdoor activities and shopping opportunities. All in all, the cost of living in Norwell is quite manageable and attractive for those looking to settle down there.