Housing costs in Newbury?
A typical home costs
$756,300, which is 123.7% more expensive than the national average of
$338,100 and 35.7% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Newbury costs
$2,260 per month, which is 58.0% more than the national average of
$1,430 and 5.3% more than the state average of
$2,140.
Can I afford Newbury?
To live comfortably in Newbury (zip 01951), Massachusetts, a minimum annual income of
$145,080 for a family, and
$74,400 for a single person is recommended.
What does A.I. say about Newbury?
The cost of living in 01951 Newbury, MA is higher than the national average. The median home value is estimated at $625,700 as of 2020, which indicates that housing costs are expensive. Additionally, the cost of groceries, goods and services are generally more expensive than other parts of the country. On a positive note, however, salaries in Newbury tend to be high due to its proximity to Boston and well educated population. This helps offset some of the higher costs associated with living in this area of Massachusetts.