Cost of Living in Medway
The biggest cost-of-living factor in Medway, Massachusetts is housing. The median home is priced around $777K, or about $326 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $4,034, plus roughly $923 per month in property taxes. Rates and down payment change this figure significantly.
Medway's FY2025 residential property tax rate is $14.25 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Medway.