Cost of Living in Worcester
The biggest cost-of-living factor in Worcester, Massachusetts is housing. The median home is priced around $463K, or about $288 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $2,400, plus roughly $508 per month in property taxes. Rates and down payment change this figure significantly.
Worcester's FY2025 residential property tax rate is $13.19 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Worcester.