Cost of Living in Westwood
The biggest cost-of-living factor in Westwood, Massachusetts is housing. The median home is priced around $2.05M, or about $514 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $10,632, plus roughly $2,186 per month in property taxes. Rates and down payment change this figure significantly.
Westwood's FY2025 residential property tax rate is $12.80 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Westwood.