Housing costs in Massachusetts?
A typical home costs
$557,300, which is 64.8% more expensive than the national average of
$338,100 and 0.0% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Massachusetts costs
$2,140 per month, which is 49.7% more than the national average of
$1,430 and close to the state average of
$2,140.
Can I afford Massachusetts?
To live comfortably in Massachusetts, a minimum annual income of
$106,920 for a family, and
$69,600 for a single person is recommended.
What does A.I. say about Massachusetts?
The cost of living in Massachusetts State is relatively high compared to the rest of the country. The average cost of a home in Massachusetts is around $400,000, which is about twice the national average. Groceries and other goods tend to be more expensive than in other states, as well. This is due largely to the fact that Massachusetts has one of the highest concentrations of Fortune 500 companies and top universities in the country, driving up salaries and adding to demand for housing and services. Despite this, overall quality of life remains high due to its great access to public transportation, excellent education system, abundance of cultural activities, and diverse population.