Housing costs in Pelham?
A typical home costs
$424,700, which is 25.6% more expensive than the national average of
$338,100 and 23.8% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Pelham costs
$1,600 per month, which is 11.9% more than the national average of
$1,430 and 33.8% cheaper than the state average of
$2,140.
Can I afford Pelham?
To live comfortably in Pelham, Massachusetts, a minimum annual income of
$81,360 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Pelham?
The cost of living in Pelham, MA is relatively high compared to other areas. Housing prices tend to be higher than average, with the median home value estimated at over $325,000. Nevertheless, the town remains quite affordable for those who are willing to shop around and take advantage of local deals. The area also features some great restaurants and other attractions that can make up for the higher costs associated with living here. Additionally, factors such as a low unemployment rate and a robust job market also contributed to the overall cost of living remaining attractive for many residents.