Housing costs in Ipswich?
A typical home costs
$723,000, which is 113.8% more expensive than the national average of
$338,100 and 29.7% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Ipswich costs
$2,200 per month, which is 53.8% more than the national average of
$1,430 and 2.7% more than the state average of
$2,140.
Can I afford Ipswich?
To live comfortably in Ipswich (zip 01938), Massachusetts, a minimum annual income of
$138,600 for a family, and
$72,400 for a single person is recommended.
What does A.I. say about Ipswich?
The cost of living in 01938 Ipswich, MA is relatively high compared to other areas. The median home value is estimated at $468,500 which is significantly higher than the national median of $231,200. Additionally, the average rent for a one bedroom apartment comes in at around $1,355 per month. Grocery prices and other household expenses are also slightly above the national average. Despite this higher than average cost of living, many residents choose to stay in Ipswich due to its reputation for excellent schools and amenities such as shopping centers and public parks.