Zip 01240 (Lenox, MA) Cost of Living


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How much do I need to live in Lenox, Massachusetts?
$8,160 / month
for a family, 51.1% more expensive than the national average A total of $97,920 for the year for a family.
$3,767 / month
for a single person, 21.0% less expensive than the national average A total of $45,200 for the year for a single person.

Lenox cost of living score
95.9
Less expensive
4.1% lower
than the US average
24.8% lower
than the Massachusetts average
Lenox (zip 01240), Massachusetts gets a BestPlaces Cost of Living score of 95.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.1% lower than the U.S. average and 24.8% lower than the average for Massachusetts.

Zip 01240 (Lenox, MA)

Housing costs in Lenox?
A typical home costs $510,800, which is 51.1% more expensive than the national average of $338,100 and 8.3% less expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Lenox costs $1,470 per month, which is 2.8% more than the national average of $1,430 and 45.6% cheaper than the state average of $2,140.

Can I afford Lenox?
To live comfortably in Lenox (zip 01240), Massachusetts, a minimum annual income of $97,920 for a family, and $45,200 for a single person is recommended.

What does A.I. say about Lenox?
The cost of living in 01240 Lenox, MA is relatively high compared to other parts of the state. Home prices here are significantly higher than the national average, with a median home price of over $500,000. Rent is also high, averaging more than $1900 per month for a one bedroom apartment. Groceries and other staples are also expensive in Lenox, as is dining out and entertainment. Taxes are also on the higher side here, with an overall tax rate averaging 10%. Despite the higher costs of living in Lenox, MA it still remains an attractive place to live due to its beautiful scenery and close proximity to cultural attractions such as Tanglewood and The Mount.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLenoxMassachusettsUnited States
    Unlock127.5100.0
  107.5  Unlock100.0
    Unlock90.2100.0
  154.1  Unlock100.0
    Unlock$557,300$338,100
  114.0  Unlock100.0
    Unlock107.9100.0
  116.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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