Quick facts: Charlton, MA

Quick Facts

119.6
Cost of Living
above US average
13,697
Population
3.65
Crime Rate per 1000
below US average
$90,000
Median Income
above US average
$499,900
Median House Price
above US average
$1678.43
Average Rent
above US average
3%
Poverty Rate
below US average
3.5%
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 $90,000.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $90,000
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Income Needed to Rent

βœ“ Affordable
$72k/year
Based on $1678.43/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($90,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Charlton, MA

Charlton is a quaint town located in Worcester County, Massachusetts. Nestled in the heart of New England, Charlton showcases a blend of rural charm and suburban convenience. The town covers approximately 40 square miles and is characterized by its scenic landscapes, including lush forests, rolling hills, and several ponds. Historically, Charlton was established in the late 18th century and has retained much of its small-town charm. Its central location offers easy access to larger cities like Worcester and Springfield, making it an attractive option for those seeking a quieter lifestyle while still enjoying urban amenities. The community is tight-knit, with local events and gatherings that celebrate its history and culture. Residents can enjoy outdoor activities at various parks and recreational areas, including hiking and fishing spots. The town also features various dining options, shops, and local businesses catering to residents' needs. Charlton is served by strong schools and has a reputation for being family-friendly, making it an appealing place for both young families and retirees looking for a peaceful retreat.

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