Housing costs in Wakefield?
A typical home costs
$674,200, which is 99.4% more expensive than the national average of
$338,100 and 21.0% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Wakefield costs
$2,220 per month, which is 55.2% more than the national average of
$1,430 and 3.6% more than the state average of
$2,140.
Can I afford Wakefield?
To live comfortably in Wakefield (zip 01880), Massachusetts, a minimum annual income of
$129,240 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Wakefield?
01880 Wakefield, MA is an affordable place to live. According to BestPlaces, the overall cost of living index in 01880 Wakefield is rated as being 20% lower than the national average. This includes the cost of housing, food, utilities, transportation and healthcare. The median home price in 01880 Wakefield is around $400,000 which is relatively low compared to other cities in Massachusetts. Renters in 01880 Wakefield can also benefit from relatively low monthly rental costs with most 1-bedroom apartments renting for around $1,500 per month. Grocery prices are slightly above average but still quite reasonable. Utilities are also quite affordable with electricity and natural gas averaging out to be lower than the national average. All things considered, 01880 Wakefield is an ideal city for those looking for an affordable place to live.