Cost of Living in Wellesley
The biggest cost-of-living factor in Wellesley, Massachusetts is housing. The median home is priced around $2.25M, or about $712 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $11,675, plus roughly $1,928 per month in property taxes. Rates and down payment change this figure significantly.
Wellesley's FY2025 residential property tax rate is $10.28 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Wellesley.