Housing costs in Needham?
A typical home costs
$1,269,500, which is 275.5% more expensive than the national average of
$338,100 and 127.8% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Needham costs
$2,420 per month, which is 69.2% more than the national average of
$1,430 and 11.6% more than the state average of
$2,140.
Can I afford Needham?
To live comfortably in Needham, Massachusetts, a minimum annual income of
$243,360 for a family, and
$80,800 for a single person is recommended.
What does A.I. say about Needham?
Needham, MA is a desirable area to live in, and it comes with a price tag. According to BestPlaces’s cost of living index, Needham comes in at 85.43 which is much higher than the U.S. average of 56.33. This means that the cost of living in Needham is significantly higher than the national average due to its high quality of life and access to services and amenities. Housing costs are especially high as Needham has a median home value of $1,259,504 which is more than double the US median home value of $218,706. Other costs such as groceries, transportation, eating out at restaurants and utilities also tend to be quite pricey in comparison with other cities across the country.