Cost of Living in Hopkinton
The biggest cost-of-living factor in Hopkinton, Massachusetts is housing. The median home is priced around $1.1M, or about $397 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $5,708, plus roughly $1,300 per month in property taxes. Rates and down payment change this figure significantly.
Hopkinton's FY2025 residential property tax rate is $14.18 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Hopkinton.