Southbridge, MA

Below Avg · 85

Massachusetts · Population 17,806 · Updated March 2026

$1,157
Median Rent / Month
$59,397
Median Income
$267,000
Median Home Value
$1,295
Owner Costs / Month

Affordability

How far your income goes in Southbridge

23.4%
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

$13,884
Annual Rent
$5,346
State Income Tax
$3,070
Property Tax (est.)

Cost of Living Overview

Southbridge offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 85 (where 100 equals the national median), Southbridge residents can expect to pay median rent of $1,157/month while earning a median household income of $59,397/year.

The median home value in Southbridge, MA is $267,000, with typical monthly owner costs around $1,295 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.4% 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 Southbridge.

Frequently Asked Questions

Common questions about living costs in Southbridge

What is the cost of living in Southbridge, MA?
The cost of living index in Southbridge, MA is 85 (US average = 100). Median monthly rent is $1,157, median household income is $59,397/year, and the median home value is $267,000.
Is Southbridge, MA affordable?
Yes, Southbridge is more affordable than the national average with a cost index of 85. The rent-to-income ratio is 23.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Southbridge, MA?
The median gross rent in Southbridge, MA is $1,157 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,884.
What is the median household income in Southbridge?
The median household income in Southbridge, MA is $59,397 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%.