Housing costs in New Bedford?
A typical home costs
$346,400, which is 2.5% more expensive than the national average of
$338,100 and 37.8% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in New Bedford costs
$1,190 per month, which is 44.4% cheaper than the national average of
$2,140 and 22.7% cheaper than the state average of
$1,460.
Can I afford New Bedford?
To live comfortably in New Bedford (zip 02744), Massachusetts, a minimum annual income of
$66,240 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about New Bedford?
The cost of living in 02744 New Bedford, MA is relatively affordable compared to other cities. Renting a one-bedroom apartment will cost you between $1,150 and $1,500 per month depending on the neighborhood. Groceries are also reasonably priced allowing families to save money while shopping for their weekly needs. Utilities like gas and electricity prices can be higher than other areas in the state but overall, the cost of living is lower than most comparably sized metropolitan areas. The low taxes combined with the affordable housing costs make 02744 an ideal location for those looking to save money without sacrificing quality of life.