Housing costs in Somerville?
A typical home costs
$823,500, which is 143.6% more expensive than the national average of
$338,100 and 47.8% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Somerville costs
$2,970 per month, which is 38.8% more than the national average of
$2,140 and 18.5% more than the state average of
$2,420.
Can I afford Somerville?
To live comfortably in Somerville (zip 02143), Massachusetts, a minimum annual income of
$157,680 for a family, and
$98,000 for a single person is recommended.
What does A.I. say about Somerville?
02143 Somerville, MA is considered to be an expensive place to live. The cost of living is about 30% higher than the national average. Housing costs are particularly high in 02143, with median home prices at $638,000 and median rent at $2,235 per month. Utilities, transportation, groceries, health care, and other necessities also tend to be more expensive than the national average. Despite the high cost of living, many people flock to 02143 for its thriving economy and diverse culture.