Housing costs in Chatham?
A typical home costs
$1,018,900, which is 201.4% more expensive than the national average of
$338,100 and 82.8% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Chatham costs
$1,890 per month, which is 32.2% more than the national average of
$1,430 and 13.2% cheaper than the state average of
$2,140.
Can I afford Chatham?
To live comfortably in Chatham, Massachusetts, a minimum annual income of
$195,120 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about Chatham?
The cost of living in Chatham, MA is higher than the national average. Prices for goods and services in this area are typically higher than other parts of the country due to its coastal location and high demand for housing. The median home value is around $510,000 while the median household income comes in at about $80,244 annually. Moreover, the unemployment rate in Chatham is fairly low at approximately 3.3%. All these factors combine to create a costlier environment compared to the rest of America, making it more difficult for families with lower incomes to afford living in Chatham.