Zip 02725 (Somerset, MA) Cost of Living


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Somerset cost of living score
111.7
More expensive
11.7% higher
than the US average
12.4% lower
than the Massachusetts average
Somerset (zip 02725), Massachusetts gets a BestPlaces Cost of Living score of 111.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 11.7% higher than the U.S. average and 12.4% higher than the average for Massachusetts.

Zip 02725 (Somerset, MA)

Housing costs in Somerset?
A typical home costs $381,800, which is 12.9% more expensive than the national average of $338,100 and 31.5% less expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Somerset costs $1,320 per month, which is 7.7% cheaper than the national average of $1,430 and 62.1% cheaper than the state average of $2,140.

Can I afford Somerset?
To live comfortably in Somerset (zip 02725), Massachusetts, a minimum annual income of $73,080 for a family, and $42,000 for a single person is recommended.

What does A.I. say about Somerset?
The cost of living in 02725 Somerset, MA is slightly higher than the national average. The median home price here is around $305,000, and the median household income is approximately $61,780. Housing costs are slightly more expensive than other areas in Massachusetts and utilities can be costly. However, there are still some affordable options available; rent for a one bedroom apartment averages around $1,250 per month. Additionally, food costs in 02725 Somerset are quite reasonable, with groceries averaging a few percentage points lower than the national average. All in all, it is possible to live reasonably comfortably while maintaining a budget in 02725 Somerset.
   Cost of living score
     CategoriesSomersetMassachusettsUnited States
  111.7127.5100.0
  105.8108.9100
  88.690.2100.0
  126.7175.0100.0
  $381,800$557,300$338,100
  112.2%112.9%100.0%
  81.0107.9100.0
  127.2147.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime