Cost of Living in Tewksbury
The biggest cost-of-living factor in Tewksbury, Massachusetts is housing. The median home is priced around $720K, or about $379 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $3,736, plus roughly $793 per month in property taxes. Rates and down payment change this figure significantly.
Tewksbury's FY2025 residential property tax rate is $13.22 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Tewksbury.