Housing costs in New Bedford?
A typical home costs
$356,800, which is 5.5% more expensive than the national average of
$338,100 and 36.0% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in New Bedford costs
$1,240 per month, which is 42.1% cheaper than the national average of
$2,140 and 17.7% cheaper than the state average of
$1,460.
Can I afford New Bedford?
To live comfortably in New Bedford (zip 02740), Massachusetts, a minimum annual income of
$68,400 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about New Bedford?
The cost of living in 02740 New Bedford, MA is relatively high. According to BestPlaces, the overall cost of living is 13% higher than the national average. Housing costs alone are 33% higher than the U.S. average, making it difficult for those looking to buy a home in this area. Rental rates are also above the median for Massachusetts and 37% more expensive than the rest of the country. Prices for groceries, transportation, and other goods and services are all slightly higher than the national average as well. Despite these higher costs, New Bedford offers plenty of opportunities that make it an attractive place to live for many people.