Cost of Living in Lakeville, MA
Population 11,732 · Massachusetts · Data vintage 2023
(100 = US avg)
Lakeville sits on the smaller end of the Massachusetts city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Lakeville sits roughly 12 miles north of New Bedford — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 65% higher than New Bedford's $324,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lakeville
The median home value in Lakeville is $533,800 — 75% above the national median of $305,000. Median rent runs $1,837/month, 40% higher than the national median of $1,314/month. The median household income of $126,182/year is 69% higher than the US median of $74,580. The local unemployment rate is 4.0%, below the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. The climate averages highs of 61.7°F and lows of 39.2°F. Overall, Lakeville has a cost of living index of 161 versus the US average of 100, meaning it is 61% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 39 | 41 | 48 | 59 | 70 | 79 | 84 | 83 | 75 | 64 | 54 | 44 |
| Low °F | 19 | 21 | 27 | 36 | 46 | 55 | 61 | 59 | 51 | 41 | 32 | 25 |
| Precip" | 3.72 | 3.02 | 5.20 | 4.30 | 3.21 | 3.90 | 3.08 | 3.61 | 4.35 | 4.45 | 4.26 | 4.51 |
Frequently Asked Questions
What is the cost of living in Lakeville, MA?
Lakeville has a cost index of 161 (100 = national average). It is 61% above the national average.
What is average rent in Lakeville, MA?
The median gross rent in Lakeville is $1,837 per month based on 2023 Census data.
What is the average home price in Lakeville?
The median home value in Lakeville is $533,800 according to 2023 Census ACS data.
What is the median income in Lakeville?
The median household income in Lakeville is $126,182 per year (2023 ACS 5-year estimates).
What is the sales tax in Lakeville, MA?
The combined state and local sales tax rate in Lakeville is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Lakeville, MA affordable?
Lakeville is above average in cost of living, with an index of 161 — about 61% higher than the national average.
What is the weather like in Lakeville?
Lakeville has average high temperatures of 61.7°F and average lows of 39.2°F. Annual precipitation is 47.6". Data from NOAA 1991–2020 Climate Normals.
Lakeville at a Glance
- Population
- 11,732
- Median Income
- $126,182
- Home Value
- $533,800
- Median Rent
- $1,837/mo
- Unemployment
- 4.0%
- Avg High Temp
- 61.7°F
- Sales Tax
- 6.3%
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Massachusetts Rankings
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