Cost of Living in Amherst
The biggest cost-of-living factor in Amherst, Massachusetts is housing. The median home is priced around $485K, or about $318 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $2,517, plus roughly $725 per month in property taxes. Rates and down payment change this figure significantly.
Amherst's FY2025 residential property tax rate is $17.95 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Amherst.