Framingham, MA

Very High · 154

Massachusetts · Population 72,013 · Updated March 2026

$1,853
Median Rent / Month
$98,179
Median Income
$600,600
Median Home Value
$2,014
Owner Costs / Month

Affordability

How far your income goes in Framingham

22.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Massachusetts

State-level tax rates that affect your costs

9.0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.15%
Property Tax Rate

Estimated Annual Costs

$22,236
Annual Rent
$8,836
State Income Tax
$6,907
Property Tax (est.)

Cost of Living Overview

Framingham has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 154 (where 100 equals the national median), Framingham residents can expect to pay median rent of $1,853/month while earning a median household income of $98,179/year.

The median home value in Framingham, MA is $600,600, with typical monthly owner costs around $2,014 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Massachusetts's top income tax rate of 9.0% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.25% sales tax rate and 1.15% effective property tax rate, the overall tax environment is a factor in the total cost of living in Framingham.

Frequently Asked Questions

Common questions about living costs in Framingham

What is the cost of living in Framingham, MA?
The cost of living index in Framingham, MA is 154 (US average = 100). Median monthly rent is $1,853, median household income is $98,179/year, and the median home value is $600,600.
Is Framingham, MA affordable?
No, Framingham is more expensive than the national average with a cost index of 154. The rent-to-income ratio is 22.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Framingham, MA?
The median gross rent in Framingham, MA is $1,853 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,236.
What is the median household income in Framingham?
The median household income in Framingham, MA is $98,179 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Massachusetts?
Massachusetts has a top income tax rate of 9.0%, a sales tax of 6.25%, and an effective property tax rate of 1.15%.