Housing costs in Chelmsford?
A typical home costs
$589,100, which is 74.2% more expensive than the national average of
$338,100 and 5.7% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Chelmsford costs
$2,490 per month, which is 74.1% more than the national average of
$1,430 and 14.1% more than the state average of
$2,140.
Can I afford Chelmsford?
To live comfortably in Chelmsford (zip 01824), Massachusetts, a minimum annual income of
$113,040 for a family, and
$82,000 for a single person is recommended.
What does A.I. say about Chelmsford?
The cost of living in 01824 Chelmsford, MA is relatively high compared to other parts of the state. As of October 2020, the median home price in this zip code was $449,000, much higher than the state average of $390,000. Renting an apartment also tends to be expensive in this area, with average rent prices hovering around $1,700 for a one-bedroom unit. Other associated costs such as groceries and utilities are also more expensive than elsewhere in Massachusetts. Although the cost of living may be daunting at first glance, many residents find that these higher costs are offset by the excellent public schools, proximity to major cities like Boston and Worcester, and numerous job opportunities throughout the area.