Housing costs in Worcester?
A typical home costs
$352,800, which is 4.3% more expensive than the national average of
$338,100 and 36.7% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Worcester costs
$1,640 per month, which is 23.4% cheaper than the national average of
$2,140 and 6.7% more than the state average of
$1,530.
Can I afford Worcester?
To live comfortably in Worcester (zip 01605), Massachusetts, a minimum annual income of
$67,680 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Worcester?
The cost of living in 01605 Worcester, MA is fairly reasonable in comparison to other cities of similar size. The median home value sits around $211,800 and the median rent is $1,145 which is relatively low when compared to other cities with similar amenities. Additionally, the city has a lower than average unemployment rate and its overall poverty rate is 6.4%, which is much lower than the national average. Local taxes are fairly low as well and utility costs are generally affordable for most households. In general, 01605 Worcester offers an excellent quality of life at a very reasonable price point.