Zip 02347 (Lakeville, MA) Cost of Living


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How much do I need to live in Lakeville, Massachusetts?
$8,460 / month
for a family, 56.7% more expensive than the national average A total of $101,520 for the year for a family.
$5,800 / month
for a single person, 21.7% more expensive than the national average A total of $69,600 for the year for a single person.

Lakeville cost of living score
131.3
More expensive
31.3% higher
than the US average
3.0% higher
than the Massachusetts average
Lakeville (zip 02347), Massachusetts gets a BestPlaces Cost of Living score of 131.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 31.3% higher than the U.S. average and 3.0% lower than the average for Massachusetts.

Zip 02347 (Lakeville, MA)

Housing costs in Lakeville?
A typical home costs $529,600, which is 56.6% more expensive than the national average of $338,100 and 5.0% less expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Lakeville costs $2,170 per month, which is 51.7% more than the national average of $1,430 and close to the state average of $2,140.

Can I afford Lakeville?
To live comfortably in Lakeville (zip 02347), Massachusetts, a minimum annual income of $101,520 for a family, and $69,600 for a single person is recommended.

What does A.I. say about Lakeville?
The cost of living in 02347 Lakeville, MA is relatively high compared to other parts of the country. The median home value is $385,000 and the median rent is $1,662 per month. This means that housing costs can be quite expensive for those looking to move to this area. Furthermore, groceries are also slightly more expensive than average, with the cost of food being 11% higher than the national average. Other costs such as transportation and utilities are also slightly higher than average. Despite these higher costs, many people who move to Lakeville do so for its quality schools and family-friendly environment.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLakevilleMassachusettsUnited States
    Unlock127.5100.0
  108.1  Unlock100.0
    Unlock90.2100.0
  168.0  Unlock100.0
    Unlock$557,300$338,100
  108.8  Unlock100.0
    Unlock107.9100.0
  139.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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