Cost of Living in Needham
The biggest cost-of-living factor in Needham, Massachusetts is housing. The median home is priced around $1.76M, or about $548 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $9,124, plus roughly $1,553 per month in property taxes. Rates and down payment change this figure significantly.
Needham's FY2025 residential property tax rate is $10.60 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Needham.