Cost of Living in North Lakeville, MA

Population 3,602 · Massachusetts · Data vintage 2023

153
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

North 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. The labor market has been unusually tight, with unemployment around 2.1% — below most comparable cities in the state.

Located 14 miles north of New Bedford, North Lakeville falls within that metro's commuting orbit. Median home values run roughly 51% higher than New Bedford's $324,000.

Cost Overview

Housing 160
Rent 141

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in North Lakeville

The median home value in North Lakeville is $488,400 — 60% above the national median of $305,000. Median rent runs $1,858/month, 41% higher than the national median of $1,314/month. The median household income of $88,750/year is 19% higher than the US median of $74,580. The local unemployment rate is 2.1%, 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, North Lakeville has a cost of living index of 153 versus the US average of 100, meaning it is 53% more expensive.

🏠 Housing

Median Home Value
$488,400
60% above avg
Median Rent
$1,858/mo
41% above avg
Price-to-Rent Ratio
21.9x
Favors renting
Property Tax Rate
1.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,429
1 BR
$1,498
2 BR
$1,963
3 BR
$2,405
4 BR
$2,811
Owner-occupied 61.2%
Renter-occupied 38.8%

💰 Estimated Monthly Budget

Rent median rent
$1,858
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,472/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
27.5 min
2% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.4%

Commute Mode

Drove alone
74.9%
Carpooled
3.2%
Walked
9.3%
Bicycle
1.1%
Work from home
11.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 1.2%

💼 Income & Employment

Median Household Income
$88,750
19% above avg
Per Capita Income
$45,104
Unemployment Rate
2.1%
56% below avg
Poverty Rate
9.0%
Labor Force Participation
75.1%

🎓 Education

Bachelor's degree+ 27.9%
Graduate degree 13.5%

👥 Demographics

Median Age 36.7
Male median age 32.7
Female median age 37.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.7°F
Avg Low
39.2°F
Annual Precip
47.6"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 394148597079848375645444
Low °F 192127364655615951413225
Precip" 3.723.025.204.303.213.903.083.614.354.454.264.51

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 40 — Good
76.2%
Good air days/yr
114
Max AQI recorded
155
PM2.5 days
210
Ozone days

Frequently Asked Questions

What is the cost of living in North Lakeville, MA?

North Lakeville has a cost index of 153 (100 = national average). It is 53% above the national average.

What is average rent in North Lakeville, MA?

The median gross rent in North Lakeville is $1,858 per month based on 2023 Census data.

What is the average home price in North Lakeville?

The median home value in North Lakeville is $488,400 according to 2023 Census ACS data.

What is the median income in North Lakeville?

The median household income in North Lakeville is $88,750 per year (2023 ACS 5-year estimates).

What is the sales tax in North Lakeville, MA?

The combined state and local sales tax rate in North Lakeville is 6.3%. The Massachusetts state income tax top rate is 9.0%.

Is North Lakeville, MA affordable?

North Lakeville is above average in cost of living, with an index of 153 — about 53% higher than the national average.

What is the weather like in North Lakeville?

North 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.

North Lakeville at a Glance

Population
3,602
Median Income
$88,750
Home Value
$488,400
Median Rent
$1,858/mo
Unemployment
2.1%
Avg High Temp
61.7°F
Sales Tax
6.3%
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🗺️ County data for Massachusetts

Explore county-level cost of living data

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