Cost of Living in Dedham
The biggest cost-of-living factor in Dedham, Massachusetts is housing. The median home is priced around $837K, or about $477 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $4,343, plus roughly $880 per month in property taxes. Rates and down payment change this figure significantly.
Dedham's FY2025 residential property tax rate is $12.62 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Dedham.