Cost of Living in Methuen
The biggest cost-of-living factor in Methuen, Massachusetts is housing. The median home is priced around $630K, or about $341 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $3,268, plus roughly $555 per month in property taxes. Rates and down payment change this figure significantly.
Methuen's FY2025 residential property tax rate is $10.58 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Methuen.