Housing costs in Spencer?
A typical home costs
$373,000, which is 10.3% more expensive than the national average of
$338,100 and 33.1% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Spencer 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 Spencer?
To live comfortably in Spencer (zip 01562), Massachusetts, a minimum annual income of
$71,640 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Spencer?
01562 Spencer, MA offers an affordable cost of living compared to nearby cities. The median home cost is $211,700 which is significantly lower than the US average of $231,200. Additionally, the median rent in 01562 Spencer, MA is approximately $967 per month which is a great value considering the state’s typical rent prices of over $1000 per month. Furthermore, groceries and miscellaneous expenses are quite reasonable as well. All in all, 01562 Spencer, MA provides residents with a comfortable and low-cost lifestyle that is hard to find in many other areas.