Quick facts: Canton, MA

Quick Facts

119.6
Cost of Living
above US average
23,629
Population
1.9
Crime Rate per 1000
below US average
$120,000
Median Income
above US average
$625,995
Median House Price
above US average
$2994.94
Average Rent
above US average
4%
Poverty Rate
below US average
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $120,000.

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Income Needed to Buy

βœ— Stretch
$196k/year
Based on $625,995 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $196k vs median $120,000
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Income Needed to Rent

⚠ Stretch
$128k/year
Based on $2994.94/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $128k vs median $120,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Canton, MA

Canton, Massachusetts, is a charming suburban town located approximately 20 miles southwest of downtown Boston. Known for its rich history and community-oriented environment, Canton offers a blend of residential neighborhoods, scenic parks, and historical sites. The town was established in the 17th century and has retained much of its historic charm, with landmarks such as the Canton Viaduct, one of the oldest stone constructions in the United States. Canton is also home to the Blue Hills Reservation, a vast state park that provides ample opportunities for hiking, biking, and nature exploration, making it a popular spot for outdoor enthusiasts. The town boasts a strong school system, making it a desirable location for families. Canton's downtown area features a mix of local shops, restaurants, and services, fostering a close-knit community feel. The town is well-connected by public transport, including the MBTA's commuter rail service, facilitating easy access to Boston and surrounding areas. Overall, Canton combines suburban tranquility with urban convenience, making it an appealing place to live or visit.

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