Housing costs in Worcester?
A typical home costs
$386,700, which is 14.4% more expensive than the national average of
$338,100 and 30.6% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Worcester costs
$1,780 per month, which is 16.8% cheaper than the national average of
$2,140 and 14.0% more than the state average of
$1,530.
Can I afford Worcester?
To live comfortably in Worcester (zip 01602), Massachusetts, a minimum annual income of
$74,160 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Worcester?
The cost of living in 01602 Worcester, MA is slightly higher than the national average. The median household income in this zip code is over $58,000 a year, which is significantly higher than the state and national averages. Housing costs are also above average with the median home value coming in at around $250,000. Prices for essentials such as food and transportation are also slightly more expensive than the U.S. average but not to an extreme degree. In sum, while 01602 Worcester does have a higher cost of living than many other areas, it still remains relatively affordable for many residents who live there.