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Wakefield, MA

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
142
Very Expensive
Median Home Value
$670,100
National: $426,735
Median Rent
$1,872/mo
National: $1,527/mo
Household Income
$130,320
National: $84,532
Population
27,284
Purchasing Power
109
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
157 / 100
100 = national average
Rent Index
123 / 100
Overall Index
142
Very Expensive

Wakefield Mortgage Calculator

Pre-filled with the local median home value of $670,100 and Massachusetts's property tax rate of 1.15%.

Salary & Purchasing Power

Median household income is $130,320 54% above the national average.

What $130,320 in Wakefield Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$138,580+6%
Los Angeles, CA$156,017+20%
Chicago, IL$74,337-43%
Houston, TX$65,160-50%

Property Tax in Wakefield, MA

Est. Annual Property Tax
$7,706
Monthly Impact
$642
Added to your mortgage
Effective Rate
1.15%
National avg: ~1.00%

Massachusetts Tax Overview

Tax TypeMassachusettsNational Avg
Property Tax Rate1.15%1.00%
Top Income Tax Rate9%~5.0%
State Sales Tax6.25%~5.0%

Compare Wakefield to Another City

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Cost of Living Comparison

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Wakefield, MA
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Wakefield, MA: 157
Rent Prices
123
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR