Housing costs in Malden?
A typical home costs
$571,800, which is 69.1% more expensive than the national average of
$338,100 and 2.6% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Malden costs
$2,780 per month, which is 29.9% more than the national average of
$2,140 and 12.9% more than the state average of
$2,420.
Can I afford Malden?
To live comfortably in Malden (zip 02148), Massachusetts, a minimum annual income of
$109,440 for a family, and
$91,600 for a single person is recommended.
What does A.I. say about Malden?
The cost of living in 02148 Malden, MA is relatively affordable. According to Sperling's BestPlaces, the city has an overall cost of living index score of 105, which is slightly above the national average. The median home price for Malden is $391,400 USD and the median rental rate is $1,460 USD per month. Additionally, groceries are 6% more expensive than the national average while utilities and transportation costs are both 3% higher than the average. Despite these higher costs, overall housing expenses in Malden are 14% below the national average making it a great option for those looking for an affordable living situation.