Massachusetts is generally an expensive place to live. The average cost of living in the state is 27.2% higher than the rest of the country due to the high cost of groceries, housing, utilities, and transportation. Cities like Cambridge and Boston are even less affordable, with costs of living that are 81.8% and 62.4% higher than the national average. However, many municipalities have more reasonable living costs. Gardner and Palmer Town are 6.3% and 6.9% lower than the U.S. average, and Springfield is 10.3% below average.
Average Home Prices in Massachusetts
You can find plenty of affordable housing in Massachusetts, but the median cost of a home in the state is $407,900, which is well above the U.S. average of $231,200. Cambridge and Boston are even higher at $807,200 and $602,000. Prices in Agawam Town are near average at $227,600, and homes in Gardner and Springfield are well below average at $182,000 and $165,800. Though many areas in the state have high housing costs, there are plenty of affordable rent-to-own homes in Massachusetts.
If you're interested in Massachusetts rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Massachusetts statistics compared to the U.S. national average.
|Massachusetts Averages||National Averages|
|One-Way Commute||29.3 minutes||26.4 minutes|
|Income Tax Rate||5.1%||4.6%|
|Median Household Income||$67,846||$53,482|
|Median Property Taxes||$4,500||$2,200|
|Median Home Cost||$407,900||$231,200|
|Median Home Age||57 years||40 years|
Popular Massachusetts Cities
Boston was at the heart of the state's revolutionary spirit from the beginning. The Boston Tea Party and the Boston Massacre are two examples of the city expressing its desire to govern and develop without British influence. There are currently 692,600 people living in Boston, the capital and most populous city in Massachusetts. The city is the focal point of the Greater Boston Area, which has a Gross Metro Product of $251.1 billion. In addition to its modern-day prominence, Boston is proud of its past, and the city displays its historical significance at locations throughout Boston.
Cambridge and its surrounding area are famously known as an educational region with hundreds of schools of higher learning and several hundred thousand students. Harvard University and the Massachusetts Institute of Technology are located in Cambridge. The city has 118,927 residents living on 6.39 square miles. Its 13% population increase since 2010 despite having high housing costs is a testament to the city's desirability. The Alewife Brook Reservation provides a natural oasis within the town, while the annual Cambridge Arts River Festival brings the people together and gives this city a small-town feel.
Westford's population increased from 21,951 to 24,817 over the past decade. This 30-square-mile municipality was settled in 1655 and incorporated as a town in 1729. Residents of this suburban town enjoy ponds with beaches, several parks, and hundreds of historical homes. Old-time charm in Westford meets modern attractions such as Kimball Farm, which offers mini-golf, batting cages, bumper cars and boats, and arcades. To maintain a sense of community and belonging, there's always an event or club meeting going on in Westford.
Popular Amenities and Attractions in Massachusetts
Massachusetts soldiers were the first to fight in the Revolutionary War, and the state offers many opportunities that help visitors delve into what transpired in the late 18th century as the U.S. battled for its freedom. The Minute Man National Historical Park is a comprehensive study guide for Massachusetts' involvement in the war. Costumed escorts lead tours through actual battleground and strategic sites to create a living experience of the Revolutionary Way's first battles. The park also has 11 historic homes that date back to as early as 1692 and preserve the history of its centuries of dwellers.
There are many ways to enjoy Massachusetts, including taking advantage of its location along the Atlantic Ocean. Cape Cod is a landmass that protrudes into the Atlantic and attracts millions of yearly visitors. There are 15 towns on Cape Cod, and each of them is uniquely appealing. Interesting shops, local events, and stunning ocean views abound in the area. After frolicking at the beach and walking the Long Pasture Wildlife Sanctuary trails, settle down for some fresh seafood and let the incoming Atlantic wave relax you.
People are drawn to Massachusetts' mix of neighborhoods and historical appeal. This state is also big on festivals and local pride, which brings people from all walks of life together as a community. So you're sure to feel welcome if you decide to make this state your new home!