Housing costs in Newton?
A typical home costs
$1,196,500, which is 253.9% more expensive than the national average of
$338,100 and 114.7% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Newton costs
$3,860 per month, which is 80.4% more than the national average of
$2,140 and 37.3% more than the state average of
$2,420.
Can I afford Newton?
To live comfortably in Newton (zip 02461), Massachusetts, a minimum annual income of
$229,320 for a family, and
$127,200 for a single person is recommended.
What does A.I. say about Newton?
The cost of living in 02461 Newton, MA is quite high. The median home value is nearly $1 million, which is well above the national average of $200,000. Rent prices are also substantially higher than the national median, with a one-bedroom apartment averaging around $2,000 per month. Groceries and other goods tend to be more expensive as well. All this combined makes it difficult for many people to live in this area without considerable financial resources or a high income.