Housing costs in South Lancaster?
A typical home costs
$446,500, which is 32.1% more expensive than the national average of
$338,100 and 19.9% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in South Lancaster costs
$2,270 per month, which is 6.1% more than the national average of
$2,140 and 32.6% more than the state average of
$1,530.
Can I afford South Lancaster?
To live comfortably in South Lancaster (zip 01561), Massachusetts, a minimum annual income of
$85,680 for a family, and
$70,000 for a single person is recommended.
What does A.I. say about South Lancaster?
The cost of living in 01561 South Lancaster, MA is relatively high compared to the rest of the country. According to Sperling's Best Places, the cost of living index for this region is nearly 120 points higher than the national average. Goods and services are more expensive as well with a grocery index that is about 10% above the U.S average while housing prices are over 30% higher than the national average. This can be attributed to the close proximity to Boston, where housing prices are among the highest in the nation and wages tend to be much higher than elsewhere. Despite the high cost of living, many people choose to live here due to its scenic beauty and wonderful recreational opportunities throughout New England.