Housing costs in Reading?
A typical home costs
$756,200, which is 123.7% more expensive than the national average of
$338,100 and 35.7% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Reading costs
$2,160 per month, which is 51.0% more than the national average of
$1,430 and close to the state average of
$2,140.
Can I afford Reading?
To live comfortably in Reading (zip 01867), Massachusetts, a minimum annual income of
$144,720 for a family, and
$71,200 for a single person is recommended.
What does A.I. say about Reading?
The cost of living in 01867 Reading, MA is relatively high compared to the rest of the state. The median home value is $484,500, which is much higher than the median home value for Massachusetts as a whole ($444,900). Additionally, the median household income in Reading is $92,675, which is significantly higher than the median household income for Massachusetts ($76,334). These figures indicate that living costs are quite steep in Reading. Groceries and utilities tend to be on the expensive side as well due to the high cost of housing. While it may be costly to live in 01867 Reading, MA it can be worth it for those looking for an affluent lifestyle with access to great schools and other local amenities.