Woburn, MA

Very High · 172

Massachusetts · Population 41,205 · Updated March 2026

$2,190
Median Rent / Month
$107,754
Median Income
$641,800
Median Home Value
$2,234
Owner Costs / Month

Affordability

How far your income goes in Woburn

24.4%
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

$26,280
Annual Rent
$9,698
State Income Tax
$7,381
Property Tax (est.)

Cost of Living Overview

Woburn has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 172 (where 100 equals the national median), Woburn residents can expect to pay median rent of $2,190/month while earning a median household income of $107,754/year.

The median home value in Woburn, MA is $641,800, with typical monthly owner costs around $2,234 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.4% 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 Woburn.

Frequently Asked Questions

Common questions about living costs in Woburn

What is the cost of living in Woburn, MA?
The cost of living index in Woburn, MA is 172 (US average = 100). Median monthly rent is $2,190, median household income is $107,754/year, and the median home value is $641,800.
Is Woburn, MA affordable?
No, Woburn is more expensive than the national average with a cost index of 172. The rent-to-income ratio is 24.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Woburn, MA?
The median gross rent in Woburn, MA is $2,190 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,280.
What is the median household income in Woburn?
The median household income in Woburn, MA is $107,754 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%.