Housing costs in Southbridge Town?
A typical home costs
$234,500, which is 30.6% less expensive than the national average of
$338,100 and 57.9% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Southbridge Town costs
$1,400 per month, which is 2.1% cheaper than the national average of
$1,430 and 52.9% cheaper than the state average of
$2,140.
Can I afford Southbridge Town?
To live comfortably in Southbridge Town, Massachusetts, a minimum annual income of
$45,000 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Southbridge Town?
The cost of living in Southbridge Town, MA is relatively low when compared to other parts of the state. The median home value in the town is $188,400 which is lower than the Massachusetts average of $443,400. Similarly, the median household income in Southbridge Town is $52,336 which is less than half the median household income of Massachusetts ($78,378). Goods and services are also much less expensive in Southbridge Town, with groceries costing an average of 10% less than the national average. Additionally, utilities such as electricity and gas are also cheaper than most places with residents paying an estimated 17.8% below the national average for their bills. Overall, Southbridge Town provides a great opportunity for those looking for a place to live with a lower cost of living.