Housing costs in Somerset?
A typical home costs
$426,200, which is 26.1% more expensive than the national average of
$338,100 and 23.5% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Somerset costs
$1,570 per month, which is 9.8% more than the national average of
$1,430 and 36.3% cheaper than the state average of
$2,140.
Can I afford Somerset?
To live comfortably in Somerset (zip 02726), Massachusetts, a minimum annual income of
$81,720 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Somerset?
Living in 02726 Somerset, MA is quite affordable. The median home value in the area is $303,100, while the median rent is around $1,400 per month. The cost of living index for the zip code is 126.9, which indicates that it is slightly more expensive than the national average of 100. Utilities are very affordable with electricity costing an average of 12.29 cents per kilowatt-hour and natural gas prices under 7 dollars per therm. Grocery costs are also reasonable with a variety of local stores providing a wide selection of food items at competitive prices. Overall, living in 02726 Somerset, MA can be a great option for those looking for an affordable place to live.