Best Affordable Places to Live in Massachusetts in 2025

By Rebecca Lake
(Last Updated – 02/2025)
Massachusetts is rich in history, packed with beautiful scenery, and offers some of the best healthcare options in the nation. It’s family-friendly but attracts plenty of students and job seekers, as well as its fair share of retirees.
It also happens to be one of the priciest states to call home, thanks to its elevated cost of living. Nationwide, only Hawaii is more expensive.
If you’re contemplating a move to the Bay State, it helps to know which areas are more affordable. Here’s a closer look at the best places to live in Massachusetts when saving money is a priority.
Best Places to Live in Massachusetts
Finding the best places in Massachusetts to live requires a little research. This list gives you a head start, sharing the best affordable places to live in Massachusetts for families, young adults, young professionals, and retirees. Each city included in these rankings was evaluated based on these factors:
• Population
• Median household income
• Cost of living
• Median rent price
• Home price-to-income ratio
This guide includes larger metro areas as well as smaller cities. Dive in to see which locales made the list as the best places to live in Massachusetts.
💡 Quick Tip: You deserve a more zen mortgage loan. When you buy a home, SoFi offers a guarantee that your loan will close on time. Backed by a $5,000 credit.‡
Best Affordable Places to Live in Massachusetts
The five cities listed below are among the most affordable overall. These cities are budget-friendly, and each one has something unique to make it an attractive choice for relocating. If you’re looking for the best place to live based on cost and you’re planning to buy a home, you may want to research some tips to qualify for a mortgage.
1. Leominster

Photo credit: iStock/DenisTangneyJr
Leominster is a suburban community of just over 40,000 people, located approximately 90 minutes from Boston. In terms of affordability, Leominster boasts a relatively low cost of living compared to other Massachusetts cities and features a family-friendly vibe. It’s much cheaper to buy in Leominster than many other Massachusetts towns, which could be ideal for first-time homebuyers. There’s plenty of variety, including single-family homes, condos, and townhouses.
Population: 43,627
Median Household Income: $81,556
Cost of Living: 114% of the U.S. average
Average Rent Price: $1,855
Home Price-to-Income Ratio: 5.4
2. Adams

Photo credit: iStock/DenisTangneyJr
Adams could be ideal for people who are seeking a small-town experience. In terms of its appeal beyond the low cost of living, Adams is family-friendly, with plenty of nature trails and outdoor spaces, though it also attracts its fair share of retirees.
Population: 5,584
Median Household Income: $48,750
Cost of Living: 109% of the U.S. average
Average Rent Price: $1,275
Home Price-to-Income Ratio: 5.0
3. Westfield

Photo credit: iStock/DenisTangneyJr
Westfield is located near the Springfield area. With a population around 40,000, it’s a bustling city. While Westfield is a bit further afield from Boston, there’s still plenty to do here for young families and the students who attend Westfield State University. The cost of living is slightly above the U.S. average but still lower than many other Massachusetts cities and towns.
Population: 40,509
Median Household Income: $82,847
Cost of Living: 107% of U.S. average
Average Rent Price: $1,700
Home Price-to-Income Ratio: 4.3
Best Places to Live in Massachusetts for Families
Raising a family can influence your decision on where to move, as you’ll need to consider things like the local school system and kid-friendly activities, as well as income opportunities and the social scene for adults. Comparing different types of mortgage loans can help you plan your budget if you’re hoping to buy a home.
These cities are among the best places to live in Massachusetts if you’re looking for family-friendly options.
1. Springfield

Photo credit: iStock/Sean Pavone
Springfield is the largest city in the Western New England region and attracts plenty of young families, who are often drawn to its well-rated schools. Despite there being a seller’s market, housing is still highly affordable. The area’s median sale price at the end of 2024 was still less than $300,000.
Population: 153,672
Median Household Income: $51,339
Cost of Living: 110% of U.S. average
Average Rent Price: $1,695
Home Price-to-Income Ratio: 5.4
2. Stoneham

Photo credit: iStock/DenisTangneyJr
Stoneham is located just a few miles north of Boston and has earned a reputation for being one of the friendliest towns in Massachusetts. Families might choose to move here for its combination of good schools and convenient access to the city.
Population: 22,854
Median Household Income: $112,635
Cost of Living: 34% higher than the national average
Average Rent Price: $3,100
Home Price-to-Income Ratio: 6.7
3. Wayland

Photo credit: Wikimedia Commons/
John Phelan , Creative Commons Attribution-ShareAlike 3.0 Unported
Families will appreciate the well-ranked schools here. This quiet bedroom community is one of the best places to live in Massachusetts for families in search of a pleasant environment in which to raise children. As a smaller town, it offers fewer amenities. However, it’s close to Boston, which is great for commuting or planning family outings on the weekend. Home prices here are on the high side, and some buyers will need to look into jumbo home loans when eyeing a pricier property.
Population: 13,752
Median Household Income: $221,250
Cost of Living: 138% of U.S. average
Average Rent Price: $3,374
Home Price-to-Income Ratio: 5.0
💡 Quick Tip: A major home purchase may mean a jumbo loan, but it doesn’t have to mean a jumbo down payment. Apply for a jumbo mortgage with SoFi, and you could put as little as 10% down.
Best Places to Live in Massachusetts for Young Adults
Jobs and entertainment tend to be key factors for young adults looking for a place to land in Massachusetts. They may flock to the Boston area to start their careers, but the surrounding suburbs can also attract plenty of up-and-coming professionals. These cities rate as the best places to live in Massachusetts for recent college grads and working young adults.
1. Wakefield

Photo credit: iStock/WestWindGraphics
Wakefield is a smaller suburb of Boston that’s home to a number of young professionals. The local crowd here is both highly educated and diverse. About a quarter of residents are between 20 and 39 years of age. If you are looking to purchase a home, you may want to explore first-time homebuyer programs in Massachusetts to potentially make the process easier and/or more affordable.
Population: 27,810
Median Household Income: $130,320
Cost of Living: 137% of U.S. average
Average Rent Price: $2,676
Home Price-to-Income Ratio: 5.9
2. Waltham

Photo credit: iStock/DenisTangneyJr
Waltham is located approximately 30 minutes from Boston and is a bustling suburban community for young professionals who want to stay close to the metro area. The population is young, with a median age of 35. There are plenty of jobs to be had with both larger and smaller companies. In addition, young professionals will find a variety of things to do after work hours and on weekends, including restaurants, clubs, and even a circus school where adventurous students can learn acrobatics. Understanding the mortgage preapproval process can help if you are preparing to start your hunt for a house.
Population: 64,477
Median Household Income: $116,560
Cost of Living: 142% of U.S. average
Average Rent Price: $3,000
Home Price-to-Income Ratio: 6.7
3. Malden

Photo credit: iStock/DenisTangneyJr
Malden is a diverse town and can be a good place for young adults to launch their careers. Job growth is a bit slower in Malden, but the fact that it’s less than 30 minutes from Boston makes it easier for residents to cast a wide net when seeking employment. Glow-in-the-dark mini golf and a craft brewery provide local entertainment. Of the various suburbs around Boston, Malden proves to be one of the most affordable for young professionals based on rent and housing prices.
Population: 65,133
Median Household Income: $95,298
Cost of Living: 139% of the U.S. average
Average Rent Price: $2,400
Home Price-to-Income Ratio: 6.7
Best Places to Live in Massachusetts for Retirees
Massachusetts could be a great place to retire from a tax perspective. Social Security benefits are not taxed here, and income from Massachusetts state and local government retirement plans is also tax-exempt. Retirees can choose from larger urban areas, quieter suburban cities, and cozy small towns.
1. North Adams

Photo credit: iStock/DenisTangneyJr
North Adams has one of the lowest costs of living in the state, making it one of the most affordable places to live in Massachusetts for retirees who may be on a fixed income. It’s small, but not so small as to lack all of the basic amenities you’d expect in retirement, including access to health care. Almost 25% of the population is over age 65. The North Adams Council on Aging offers numerous programs and services to support older residents, including transportation services, wellness and fitness programs, and assistance with applying for public benefits.
Population: 12,483
Median Household Income: $48,521
Cost of Living: 100% of U.S. average
Average Rent Price: $1,350
Home Price-to-Income Ratio: 4.8
2. Pittsfield

Photo credit: iStock/DenisTangneyJr
Pittsfield is another Western Massachusetts locale that’s ideally suited to retirees who are looking for an affordable cost of living. Around 20% of residents are 65 and over, and there are a significant number of single seniors here, which could make it ideal for older people who are interested in making personal connections. In addition to outstanding health care, Pittsfield offers access to the arts, dining, and shopping. One more upside to living in Pittsfield as a retiree: The public transit system makes it easy to get around.
Population: 43,076
Median Household Income: $68,386
Cost of Living: 108% of U.S. average
Average Rent Price: $1,450
Home Price-to-Income Ratio: 4.2
3. Framingham

Photo credit: iStock/DenisTangneyJr
Framingham is a college town, but there are a sizable number of older adults and retirees who make their home here. The city is unique in that it blends some of the best elements of both urban and suburban living, with plenty of things for retirees to do along with access to excellent health care. Boston is less than a 40-minute drive, making it convenient enough for outings. Checking out a home loan help center can help you know how to navigate the buying process.
Population: 71,875
Median Household Income: $98,179
Cost of Living: 131% of U.S. average
Average Rent Price: $2,403
Home Price-to-Income Ratio: 6.5
Best Places to Live in Massachusetts Near the Beach
Here are the best places to live in Massachusetts if you’re looking for a community with beach access.
1. New Bedford

Photo credit: iStock/DenisTangneyJr
New Bedford is located in the South Coast region, which may be perfect for homebuyers and renters who prefer to live near the water. The city has a rich history and a highly walkable downtown, with the town of Dartmouth and its zoo, wineries, and nature preserves just a 10-minute drive away. Overall, it’s a highly affordable pick for people who’d prefer to live in a larger city.
Population: 100,695
Median Household Income: $56,025
Cost of Living: 116% of U.S. average
Average Rent Price: $1,800
Home Price-to-Income Ratio: 7.3
2. Yarmouth

Photo credit: iStock/Wirestock
For those who want to be close to the water, Yarmouth deserves a look. It’s one of the oldest towns on Cape Cod and boasts a shoreline that spans Cape Cod Bay and Nantucket Sound. The area is a mix of historic sites and new developments, with the three villages of West Yarmouth, South Yarmouth, and Yarmouth Port attracting visitors. If you’re looking for things to do, there’s Whydah Pirate Museum and the Edward Gorey House, not to mention numerous nature trails.
Population: 25,103
Median Household Income: $81,985
Cost of Living: 127% of U.S. average
Average Rent Price: $3,000
Home Price-to-Income Ratio: 7.1
3. Gloucester

Photo credit: iStock/Jill_InspiredByDesign
Gloucester is on Cape Ann, part of the North Shore area. Some of the best beaches in the state are located here, and vacationers frequently rub elbows with locals during the summer months. Gloucester is home to a mix of families, retirees, and young professionals who prefer the slower pace of beach living with the amenities of a larger suburban town.
Population: 29,959
Median Household Income: $87,898
Cost of Living: 134% of the U.S. averageAverage Rent Price: $2,800
Home Price-to-Income Ratio: 8.2
The Takeaway
Overall, Massachusetts can be a pricey place to live, but there are options for people of varied budgets and life stages. Whether you’re a first-time homebuyer or anticipate renting for the near-term, it helps to know what you can expect to pay for housing as well as other costs, such as utilities and taxes. The cities included here represent the best places to live in Massachusetts that are also budget-friendly.
If you are planning to make a home purchase, shopping around for a mortgage is an important step to finding the right loan to suit your needs and your budget.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
Browse Other States
FAQ
What is the best city to live in Massachusetts 2025?
The best city to live in Massachusetts is subjective and can depend on what you’re looking for as a resident. Some of the most popular places to live in Massachusetts include Boston, Cambridge, Worcester, and Springfield.
Where is the most affordable place to live in Massachusetts?
Some of the most affordable cities in Massachusetts include Leominster, Adams, North Adams, and Westfield. When comparing costs of living in Massachusetts, it’s helpful to look at things like housing, utilities, groceries, transportation, insurance, and property taxes.
What is the cheapest New England state to live in?
Based on the overall cost of living, Maine and Rhode Island are the cheapest of the six states that make up the New England region. Massachusetts, on the other hand, has the highest cost of living overall.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances. Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice. SOHL-Q125-100