Cost of Living in New Bedford
The biggest cost-of-living factor in New Bedford, Massachusetts is housing. The median home is priced around $447K, or about $3,062 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $2,319, plus roughly $421 per month in property taxes. Rates and down payment change this figure significantly.
New Bedford's FY2025 residential property tax rate is $11.31 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in New Bedford.