Housing costs in New Bedford?
A typical home costs
$378,500, which is 11.9% more expensive than the national average of
$338,100 and 32.1% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in New Bedford costs
$1,300 per month, which is 39.3% cheaper than the national average of
$2,140 and 12.3% cheaper than the state average of
$1,460.
Can I afford New Bedford?
To live comfortably in New Bedford (zip 02745), Massachusetts, a minimum annual income of
$72,360 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about New Bedford?
The cost of living in 02745 New Bedford, MA is relatively high compared to the national average. The median home price in 02745 is $372,800 and housing prices have increased steadily over the past five years. Renters can expect to pay an average of $1,500 per month for a one-bedroom apartment. Groceries and other essentials are also more expensive than the national average, with the cost of living in 02745 estimated at 15% higher than the US average. Despite these costs, New Bedford offers a vibrant community and array of activities, making it a great place to live.