Cost of Living in Chelsea
The biggest cost-of-living factor in Chelsea, Massachusetts is housing. The median home is priced around $499K, or about $461 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $2,589, plus roughly $479 per month in property taxes. Rates and down payment change this figure significantly.
Chelsea's FY2025 residential property tax rate is $11.51 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Chelsea.