Housing costs in Somerville?
A typical home costs
$892,700, which is 164.0% more expensive than the national average of
$338,100 and 60.2% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Somerville costs
$3,370 per month, which is 57.5% more than the national average of
$2,140 and 28.2% more than the state average of
$2,420.
Can I afford Somerville?
To live comfortably in Somerville (zip 02144), Massachusetts, a minimum annual income of
$171,000 for a family, and
$111,200 for a single person is recommended.
What does A.I. say about Somerville?
The cost of living in 02144 Somerville, MA is relatively high. The median home value in the zip code is $730,000, while the median rent for a 1 bedroom apartment is $2,540 per month. Utility costs are also on the higher side, with electricity averaging about $139 per month and natural gas averaging around $30 monthly. Overall, living in Somerville does come at a cost but it's offset by the vibrant city life and excellent proximity to Boston.