Stoneham, MA

Very High · 158

Massachusetts · Population 22,986 · Updated March 2026

$1,878
Median Rent / Month
$112,635
Median Income
$629,000
Median Home Value
$1,991
Owner Costs / Month

Affordability

How far your income goes in Stoneham

20.0%
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

$22,536
Annual Rent
$10,137
State Income Tax
$7,234
Property Tax (est.)

Cost of Living Overview

Stoneham has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 158 (where 100 equals the national median), Stoneham residents can expect to pay median rent of $1,878/month while earning a median household income of $112,635/year.

The median home value in Stoneham, MA is $629,000, with typical monthly owner costs around $1,991 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.0% 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 Stoneham.

Frequently Asked Questions

Common questions about living costs in Stoneham

What is the cost of living in Stoneham, MA?
The cost of living index in Stoneham, MA is 158 (US average = 100). Median monthly rent is $1,878, median household income is $112,635/year, and the median home value is $629,000.
Is Stoneham, MA affordable?
No, Stoneham is more expensive than the national average with a cost index of 158. The rent-to-income ratio is 20.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Stoneham, MA?
The median gross rent in Stoneham, MA is $1,878 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,536.
What is the median household income in Stoneham?
The median household income in Stoneham, MA is $112,635 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%.