Housing costs in Norwell?
A typical home costs
$812,600, which is 140.3% more expensive than the national average of
$338,100 and 45.8% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Norwell costs
$2,250 per month, which is 57.3% more than the national average of
$1,430 and 4.9% more than the state average of
$2,140.
Can I afford Norwell?
To live comfortably in Norwell (zip 02061), Massachusetts, a minimum annual income of
$155,520 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Norwell?
The cost of living in 02061 Norwell, MA is slightly higher than the national average. According to BestPlaces.net, the overall cost of living index for this area is 132.4, which is roughly 13 percent higher than the U.S. average of 100. Housing costs in particular are significantly higher with an index score of 229, more than double that of the United States overall with an index score of just 100. Despite its significant price tag, Norwell remains a desirable location for potential homeowners given its low unemployment rate and proximity to larger cities like Boston and Cambridge while offering a wide range of amenities for its residents.