Cost of Living in Leicester
The biggest cost-of-living factor in Leicester, Massachusetts is housing. The median home is priced around $500K, or about $281 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $2,594, plus roughly $490 per month in property taxes. Rates and down payment change this figure significantly.
Leicester's FY2025 residential property tax rate is $11.77 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Leicester.