Most Affordable Places to Live in Massachusetts 2023: Massachusetts is an expensive place to live in most parts, but there are some cities and suburbs that offer a more reasonable cost of living.
Places like Boston and Cambridge may cost an arm and a leg, but there are outlying areas that are just as affordable as many of the other cities in the US that offer a lower price for homes, rentals, groceries, and utilities.
Residents of Massachusetts come from all over the world and speak a wide variety of languages.
They also come from a variety of racial and ethnic backgrounds and speak a variety of languages. Massachusetts has one of the most diverse populations in the country.
Where you choose to make your home in Massachusetts can have a significant impact on the cost of living there; certain regions of the state are more expensive than others, while others are less expensive.
If you are thinking about relocating to Massachusetts but are concerned about finding a place to live that is within your budget, we have compiled a list of some of the communities in this state that offer the lowest housing costs.
These cities have lower average incomes, as well as lower costs for housing and other expenses such as food and utilities. As a result, it is easier for residents to stretch their dollars further in these cities than in most other places throughout the country.
Although it’s often referred to as the “cradle of liberty” or the “blue state,” Massachusetts is actually home to one of the costliest cities in the entire United States. Boston.
So, where exactly in Massachusetts do you recommend looking for a house?
The answer to that question is dependent on the things that are most important to you, but if you are looking for a place to settle down that is also reasonably priced, one of these towns in Massachusetts could be that place.
Affordability is also determined by the income to rental/home price ratio for the area. Here are the most affordable places to live in Massachusetts for your consideration.
Most Affordable Places to Live in Massachusetts 2023
17. Pelham, Massachusetts
Pelham is another affordable suburb of Springfield. It’s ranked as one of the best places to buy a house in the area with an A rating from Niche.
Public schools are excellent, and it’s not far from any kind of amenities you could want.
Pelham homes are less expensive to purchase than those in the larger cities in the state, yet the suburb is close enough to drive for work in the larger city, opening up a choice of more employment opportunities.
16. Cordaville, Massachusetts
It’s a small town that is not far from the city, but it offers a more laid-back atmosphere with a population of just 3,039 residents living within its borders.
Public schools are ranked as excellent with housing getting an A rating for affordability and availability.
15. Chicopee, Massachusetts
Chicopee is a city in Massachusetts that offers affordable housing options, so if you’re looking for a place to call home in the Bay State, give it some thought.
While the city’s median household income is significantly higher than the state average, the cost of living in the city is significantly lower than the average for the entire country.
Chicopee has been recognized not only as one of the most affordable housing markets in Massachusetts, but also as one of the safest cities in the state.
In point of fact, it is considered to be one of the safest cities in all of Massachusetts. When it comes to the cost of renting an apartment or purchasing a home, Chicopee is among the most affordable cities in all of New England to do either of those things.
While the median sales price for a home is just $269.9K, the median rent price is just $1,307 per month. This is about half of what you can anticipate paying to live in Boston or Cambridge.
The city also provides first-rate options for public transportation and provides convenient access to major highways such as I-84 and I-91.
14. Hopkinton, Massachusetts
Hopkinton is a suburb of Boston that is rated as one of the best places to purchase a home in the area.
This is a medium-sized neighborhood with a population of 17,598 residents. The desirability level is high with affordable housing available, job opportunities, and plenty of places for hiking and other outdoor activities.
It’s a diverse area with a stable socio-economic climate. It’s not only a safe place to raise a family, but it’s also affordable when compared to the larger cities in the state.
13. Somerset, Massachusetts (Affordable Places to Live in Massachusetts)
Although the average family income is less at $76,311 per year, the cost of housing and other living expenses is also lower.
The average price that a family pays in mortgage costs is roughly $13,835. This makes Somerset a good choice for those in need of more affordable housing options.
12. Fitchburg, Massachusetts
Because of its low housing costs, Fitchburg is one of the most affordable places to live in Massachusetts. This is especially true when compared to Boston or Cambridge, where rents are significantly higher than in Fitchburg.
When compared to the average rent of $1,463 for the rest of the state, the average rent in Fitchburg is only $1,374, which is a significant savings.
And despite the fact that wages in this city aren’t as high as they are in some of the other cities on this list either, there are still a significant number of employment opportunities available at companies such as Barnes & Noble Booksellers Inc., Health New England Inc., and TJX Companies Inc.
11. Wilmington, Massachusetts
Wilmington is slightly less expensive when it comes to the average mortgage-to-income ratio of residents.
The average family earns $122,813 per year, suggesting that it is somewhat affluent, however, the average annual mortgage payment is $21,363.
If you are on a fixed income, this may not be the best choice, but if you’re an active member of the workforce with qualifications to land one of the many available jobs in the area, it’s an affordable town to live in.
10. Gardner (Affordable Places to Live in Massachusetts)
The cost of living in Gardner is significantly lower than the state’s average. The annual income of a household is just over $51,708, which is nearly $20,000 less than the average income for all households in the state.
In addition, there are a great deal of well-paying jobs available in Gardner; more than a quarter of the population is employed in managerial or professional capacities.
The people who choose to make Gardner their home have a lot of options. They are able to participate in a number of celebrations and events held throughout the year, such as the annual Gardner Street Festival, which is known for its assortment of food vendors and live performances.
The parks in Gardners are also kept in good condition and offer a wide variety of opportunities for recreation and physical activity.
Liberty Park is the largest park in the city, and it features both baseball fields and soccer fields that are open to both children and adults.
Due to the location of the city, it is simple to navigate without using a vehicle. It is only approximately 50 kilometers (31 miles) north of Boston and provides convenient access to public transportation, including buses and trains.
9. Franklin Town, Massachusetts
Franklin Town is rated as n affordable place to live with an average family income of $115,355 per year.
The median annual mortgage payment is $22,752 per year. The income to mortgage ratio gives Franklin Town an overall affordability rating of 29.42 which isn’t bad if you’re active in the workforce.
8. Pinehurst, Massachusetts
7 News Boston, lists Pinehurst as one of the more affordable places to live in the state of Massachusetts.
The average annual income in Pinehurst is $105,000 per year. Residents pay approximately $19,654 annually for their mortgages.
The affordability index is 28.85, which is relatively decent. Other costs of living factors combine to make Pinehurst one of the cheapest places to live in the state of Massachusetts.
7. East Hampton (Affordable Places to Live in Massachusetts)
With a median price of only $352,092 for a home, the town of East Hampton is one of the most reasonably priced places to live in all of Massachusetts. In addition, its citizens have the second-highest average salary in the country, behind only those of Boston.
There are approximately 15,514 people living in East Hampton, and the town has the atmosphere of a small town despite its proximity to larger cities such as Boston and Providence, Rhode Island.
In addition to that, Cape Cod and Nantucket, both of which are well-known vacation spots, are not far away. The municipality encompasses a number of beaches, each of which plays host to the town’s very own annual Sand Castle Competition.
Additionally, it is well known for its fishing industry, and there are two fishing piers located directly off the shoreline of the area.
6. New Bedford, Massachusetts
With a median home value of $364,427 and an unemployment rate of 7.7%, New Bedford is the most affordable major city in the Commonwealth of Massachusetts.
The city has prospered as a result of its location in close proximity to Providence, Rhode Island, which has contributed to the overall expansion of the region.
Southcoast Hospitals Group and Gillette Company are two examples of large local employers that New Bedford is home to and both contribute significantly to the city’s economy.
Additionally, the city is well known for the fishing industry, which provides employment for a large number of locals in a variety of capacities.
It is the most populous city along the South Coast of Massachusetts in the state of Massachusetts.
In addition to being a historic port town with an intriguing past, it is also the location of one of the most well-known fishing fleets in the entire world.
There is a wealth of activities available there, such as going to the Whaling Museum or going on a cruise that goes around the harbor.
5. Westfield (Affordable Places to Live in Massachusetts)
Westfield is consistently ranked as one of the most affordable communities across the Commonwealth. It has a lower cost of living than the average for the entire country, and it is even lower than the cost of living in other cities within the state.
The median price of a home in Westfield is $417,542, which is significantly lower than the median price of a home in the state, which is $529,000.
The median income for a household in Westfield is $67,862, which is lower than the average income for a household in the state, which is $86,725.
Westfield, located in Massachusetts, offers a much more affordable standard of living when compared to other nearby cities.
4. Agawam Town, Massachusetts
If you are looking for housing that is not out of your price range in the state of Massachusetts, you should look into moving to Agawam.
The town has one of the lowest costs of living in the state, with a median home value of $308,807 and an average rent of $1,337 per month. This makes it one of the least expensive places in the state.
The unemployment rate in Agawam Town is 6.7%, which is significantly higher than the average unemployment rate in the United States, which is 3.6%.
You can earn a good living in Agawam Town if you have a degree from an accredited university or a certification from an accredited trade school, and you put in a lot of effort to move up in your company or get a pay raise.
You will find that there are many available jobs in Agawam Town as long as you are willing to relocate and have the right qualifications and experience required by employers who are conducting hiring activities at this time. If you meet these requirements, you will find that there are many jobs available in Agawam Town.
3. Pittsfield (Affordable Places to Live in Massachusetts)
The city of Pittsfield, which can be found in the far northwestern part of the Commonwealth, is regarded as one of the least expensive places to live in all of Massachusetts.
When looking at places to live in Massachusetts, Pittsfield is consistently ranked as one of the more affordable options.
Because the median value of a home in Pittsfield is $254,025 and the median rent price is $864 per month, the city is significantly more affordable than the majority of other cities and towns in the state of Massachusetts.
Its poverty rate, which is one of the lowest in Massachusetts at 12.6%, has been below 6.6% for more than a year, and its unemployment rate has been below 6.6% for more than a year.
Additionally, Pittsfield is home to an outstanding educational system: It has a graduation rate that is higher than 90%, which is higher than all of the other towns on our list with the exception of one.
2. North Adams, Massachusetts
North Adams is consistently ranked as one of the least expensive places to live in all of Massachusetts.
It has a lower cost of living than the average in the state despite having a median household income that is higher than the state average at $49123.
In addition, the city is home to the Massachusetts College of Liberal Arts, which provides students with the opportunity to earn associate’s degrees as well as bachelor’s degrees.
According to the data provided by the United States Census Bureau, North Adams has a total population of approximately 12,897 (2020) residents and an unemployment rate of 8.9% percent.
Additionally, it is one of the cities in Massachusetts that has the greatest racial diversity, with 42 percent white residents, 21 percent Hispanic or Latino residents, 20 percent black or African American residents, and 11 percent Asian or Pacific Islander residents.
Education and tourism are currently the most important contributors to its economy.
The city is home to a number of educational establishments and boasts the state’s most extensive municipal golf course. Throughout the years, it has also played host to a number of other educational facilities.
1. Palmer Town, Massachusetts
The cost of living in Palmer Town is significantly lower than the state’s average. It is a relatively small town, with a population of only 12,236 people as of the year 2020.
Hampden County is home to this part of the Springfield Metropolitan Statistical Area, which can be found in Massachusetts.
The typical asking price for a property in Palmer Town is $249.9 thousand dollars. Because of this, it is considered to be one of the least expensive places to live in all of Massachusetts.
Additionally, Palmer Town is a wonderful location for families as well as retirees.
Both the rate of criminal activity and the tax burden are extremely manageable here.
And if you’re looking for a place to live that isn’t going to break the bank, Palmer Town might be the perfect spot for you!
Residents of Palmer Town have access to a variety of public facilities, such as parks and recreation centers, golf courses, and country clubs, as well as a branch of the public library and a senior center that offers activities and classes such as yoga, crafts, and card games for seniors.
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