Housing costs in Palmer Town?
A typical home costs
$231,100, which is 31.6% less expensive than the national average of
$338,100 and 58.5% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Palmer Town costs
$1,250 per month, which is 41.6% cheaper than the national average of
$2,140 and close to the state average of
$1,230.
Can I afford Palmer Town?
To live comfortably in Palmer Town (zip 01009), Massachusetts, a minimum annual income of
$44,280 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Palmer Town?
The cost of living in 01009 Palmer Town, MA is quite high due to its proximity to Boston and Springfield. Taxes are also higher than the national average, with an income tax rate of 5.1%. Housing costs in the area are some of the highest in the state, with median home prices being upwards of $200,000. Property taxes are also more expensive than the rest of Massachusetts with an effective rate of 14%. Groceries and healthcare expenses are about average for the region but transportation costs tend to be a bit pricier. Despite this, Palmer Town remains a desirable place to live due to its close proximity to major urban hubs and numerous outdoor activities available in the area.