Housing costs in Wellesley?
A typical home costs
$1,654,100, which is 389.2% more expensive than the national average of
$338,100 and 196.8% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Wellesley costs
$3,610 per month, which is 152.4% more than the national average of
$1,430 and 40.7% more than the state average of
$2,140.
Can I afford Wellesley?
To live comfortably in Wellesley, Massachusetts, a minimum annual income of
$316,800 for a family, and
$120,400 for a single person is recommended.
What does A.I. say about Wellesley?
Wellesley, MA is known for its high cost of living. The median home price in Wellesley is $1,350,000, which is significantly higher than the national average of $200,000. Renting an apartment in Wellesley also costs significantly more than the national average; the median rent for a two-bedroom apartment is approximately $2,500 per month. Groceries and other essential goods are also more expensive in the area than in many other parts of the country. On top of these costs, taxes are generally higher in Wellesley than other places. Despite its high cost of living, many people choose to live in Wellesley due to its excellent school systems and safe neighborhoods.