Housing costs in Newton?
A typical home costs
$1,112,500, which is 229.0% more expensive than the national average of
$338,100 and 99.6% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Newton costs
$3,020 per month, which is 41.1% more than the national average of
$2,140 and 19.9% more than the state average of
$2,420.
Can I afford Newton?
To live comfortably in Newton (zip 02465), Massachusetts, a minimum annual income of
$213,120 for a family, and
$99,200 for a single person is recommended.
What does A.I. say about Newton?
Newton, MA (02465) is an affluent suburb of Boston with a high cost of living. According to Best Places, the cost of living index for Newton is roughly 79% higher than the national average. Housing costs are significantly higher than the national median due to its proximity to Boston and high demand for real estate in this desirable suburb. The median home value in Newton is more than $1 million, and rental prices are also expensive. Transportation and food costs are also much more expensive due to the area's higher wages. Even though it's costly living in Newton, many people find that it's worth it due to its prime location near Boston and excellent schools.