Leominster, MA

Average · 100

Massachusetts · Population 43,697 · Updated March 2026

$1,282
Median Rent / Month
$81,556
Median Income
$345,000
Median Home Value
$1,464
Owner Costs / Month

Affordability

How far your income goes in Leominster

18.9%
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

$15,384
Annual Rent
$7,340
State Income Tax
$3,968
Property Tax (est.)

Cost of Living Overview

Leominster has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 100 (where 100 equals the national median), Leominster residents can expect to pay median rent of $1,282/month while earning a median household income of $81,556/year.

The median home value in Leominster, MA is $345,000, with typical monthly owner costs around $1,464 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.9% 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 Leominster.

Frequently Asked Questions

Common questions about living costs in Leominster

What is the cost of living in Leominster, MA?
The cost of living index in Leominster, MA is 100 (US average = 100). Median monthly rent is $1,282, median household income is $81,556/year, and the median home value is $345,000.
Is Leominster, MA affordable?
No, Leominster is more expensive than the national average with a cost index of 100. The rent-to-income ratio is 18.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Leominster, MA?
The median gross rent in Leominster, MA is $1,282 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,384.
What is the median household income in Leominster?
The median household income in Leominster, MA is $81,556 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%.