Housing costs in Newton?
A typical home costs
$1,049,000, which is 210.3% more expensive than the national average of
$338,100 and 88.2% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Newton costs
$3,060 per month, which is 43.0% more than the national average of
$2,140 and 20.9% more than the state average of
$2,420.
Can I afford Newton?
To live comfortably in Newton (zip 02460), Massachusetts, a minimum annual income of
$200,880 for a family, and
$100,800 for a single person is recommended.
What does A.I. say about Newton?
The cost of living in 02460 Newton, MA is significantly higher than the national average. While the median home value in the area is around $885,000, residents still experience higher prices for groceries and other everyday items. In addition, with many nearby universities such as Harvard and MIT, rental rates are vast and expensive. The median rent price for a one bedroom apartment is around $2,000 per month and can even be more depending on the amenities and location. Despite this high cost of living, Newton remains a desirable place to live due to its convenient access to downtown Boston and its strong sense of community.