Housing costs in Newton?
A typical home costs
$1,101,700, which is 225.9% more expensive than the national average of
$338,100 and 97.7% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Newton costs
$2,320 per month, which is 8.4% more than the national average of
$2,140 and 4.3% cheaper than the state average of
$2,420.
Can I afford Newton?
To live comfortably in Newton (zip 02462), Massachusetts, a minimum annual income of
$210,960 for a family, and
$76,400 for a single person is recommended.
What does A.I. say about Newton?
Newton, MA is known for its high cost of living. The median home value in Newton is about $910,000 compared to the national median of $200,000. Renters pay an average of nearly $2,500 per month for a two bedroom apartment. Additionally, the cost of goods and services are significantly higher than most other places in the United States. Groceries are approximately 30 percent higher than the national average while transportation costs are nearly double what one might expect elsewhere. While living in Newton may be expensive, its excellent schools and close proximity to Boston make it worth the cost for many people looking to call this city home.