Housing costs in Wellesley?
A typical home costs
$1,420,500, which is 320.1% more expensive than the national average of
$338,100 and 154.9% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Wellesley costs
$3,090 per month, which is 116.1% more than the national average of
$1,430 and 30.7% more than the state average of
$2,140.
Can I afford Wellesley?
To live comfortably in Wellesley (zip 02482), Massachusetts, a minimum annual income of
$272,160 for a family, and
$102,800 for a single person is recommended.
What does A.I. say about Wellesley?
The cost of living in 02482 Wellesley, MA is among the highest in the United States. The median home value of a single family house in Wellesley is around $1,150,000, which represents a significant investment even for affluent residents. Additionally, the average residential utility bill can be up to 35% higher than the national average. This is due to high costs associated with electricity and water in the town. In terms of sales tax, Massachusetts has one of the highest rates in the country at 6.25%. This means that goods and services can be more costly than other parts of the country. Furthermore, groceries are more expensive than most places due to limited competition from large grocery stores and supermarkets within town limits. All together, living in 02482 Wellesley comes at a price compared to many parts of America.