Cost of Living in Ipswich
The biggest cost-of-living factor in Ipswich, Massachusetts is housing. The median home is priced around $995K, or about $515 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $5,163, plus roughly $925 per month in property taxes. Rates and down payment change this figure significantly.
Ipswich's FY2025 residential property tax rate is $11.15 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Ipswich.