Cost of Living in Framingham
The biggest cost-of-living factor in Framingham, Massachusetts is housing. The median home is priced around $699K, or about $385 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $3,627, plus roughly $696 per month in property taxes. Rates and down payment change this figure significantly.
Framingham's FY2025 residential property tax rate is $11.94 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Framingham.