Cost of Living in Rutland
The biggest cost-of-living factor in Rutland, Massachusetts is housing. The median home is priced around $505K, or about $284 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $2,620, plus roughly $599 per month in property taxes. Rates and down payment change this figure significantly.
Rutland's FY2025 residential property tax rate is $14.24 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Rutland.