Zip 01602 (Worcester, MA) Cost of Living


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How much do I need to live in Worcester, Massachusetts?
$6,180 / month
for a family, 14.4% more expensive than the national average A total of $74,160 for the year for a family.
$4,600 / month
for a single person, 3.5% less expensive than the national average A total of $55,200 for the year for a single person.

Worcester cost of living score
111.5
More expensive
11.5% higher
than the US average
12.5% lower
than the Massachusetts average
Worcester (zip 01602), Massachusetts gets a BestPlaces Cost of Living score of 111.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 11.5% higher than the U.S. average and 12.5% higher than the average for Massachusetts.

Zip 01602 (Worcester, MA)

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.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWorcesterMassachusettsUnited States
    Unlock127.5100.0
  105.5  Unlock100.0
    Unlock90.2100.0
  118.9  Unlock100.0
    Unlock$557,300$338,100
  110.3  Unlock100.0
    Unlock107.9100.0
  135.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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