Housing costs in Shrewsbury?
A typical home costs
$589,200, which is 74.3% more expensive than the national average of
$338,100 and 5.7% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Shrewsbury costs
$1,990 per month, which is 39.2% more than the national average of
$1,430 and 7.5% cheaper than the state average of
$2,140.
Can I afford Shrewsbury?
To live comfortably in Shrewsbury, Massachusetts, a minimum annual income of
$113,040 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Shrewsbury?
The cost of living in Shrewsbury, MA is quite high compared to the national average. According to figures from BestPlaces, the cost of living index in Shrewsbury is 113.1, which is 13.1% higher than the US average. The major contributing factors to this elevated cost of living include housing prices that are 37.5% higher than the national average and groceries that are 11% more expensive than the national average. Additionally, transportation costs are slightly higher than average at 2.6%. Despite these costs, Shrewsbury remains a desirable place to live for many due to its proximity to nearby cities and great school district.