Cost of Living in Chicopee
The biggest cost-of-living factor in Chicopee, Massachusetts is housing. The median home is priced around $308K, or about $235 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $1,598, plus roughly $389 per month in property taxes. Rates and down payment change this figure significantly.
Chicopee's FY2025 residential property tax rate is $15.16 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Chicopee.