Cost of Living in Leominster
The biggest cost-of-living factor in Leominster, Massachusetts is housing. The median home is priced around $474K, or about $293 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $2,458, plus roughly $554 per month in property taxes. Rates and down payment change this figure significantly.
Leominster's FY2025 residential property tax rate is $14.03 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Leominster.