Housing costs in New Bedford?
A typical home costs
$337,500, which is 0.2% less expensive than the national average of
$338,100 and 39.4% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in New Bedford costs
$1,130 per month, which is 47.2% cheaper than the national average of
$2,140 and 29.2% cheaper than the state average of
$1,460.
Can I afford New Bedford?
To live comfortably in New Bedford (zip 02746), Massachusetts, a minimum annual income of
$64,800 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about New Bedford?
New Bedford, MA (zip code 02746) offers a relatively low cost of living compared to the average United States city. According to Sperling's Best Places, the overall cost of living index in New Bedford is 20.7%, which is substantially lower than the national average of 100%. The housing index for New Bedford is 17.8%, making it one of the most affordable places to live in Massachusetts, and groceries are even cheaper with an index of 95.3%. Utility costs are also relatively low; electricity, gas, and internet services are all lower than the national averages. This makes New Bedford a great option for those looking for an affordable city to live in without sacrificing lifestyle or amenities.