Cost of Living in Reading
The biggest cost-of-living factor in Reading, Massachusetts is housing. The median home is priced around $1.05M, or about $454 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $5,443, plus roughly $996 per month in property taxes. Rates and down payment change this figure significantly.
Reading's FY2025 residential property tax rate is $11.39 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Reading.