Quick facts: Chester, MA

Quick Facts

119.6
Cost of Living
above US average
1,337
Population
1.5
Crime Rate per 1000
below US average
$78,889
Median Income
below US average
$368,900
Median House Price
above US average
$2614
Average Rent
above US average
4%
Poverty Rate
below US average
3.3%
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 $78,889.

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Income Needed to Buy

βœ— Stretch
$116k/year
Based on $368,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $116k vs median $78,889
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Income Needed to Rent

⚠ Stretch
$112k/year
Based on $2614/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $112k vs median $78,889
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Chester, MA

Chester is a small, picturesque town located in Hampshire County, Massachusetts, nestled in the Berkshire Hills. Known for its natural beauty, it features stunning landscapes, including lush forests and serene waterways. The town’s population is modest, fostering a tight-knit community atmosphere. Chester is renowned for its outdoor recreational opportunities, including hiking, fishing, and snow sports in the winter months. The Chester-Blandford State Forest offers numerous trails and access to nature. Culturally, Chester is home to the historic Chester Theatre Company, which provides live performances and fosters local arts. The town also has a quaint downtown area with local shops and eateries that reflect its rural charm. Additionally, its strategic location allows residents to enjoy the tranquility of a small town while being within reach of larger cities such as Springfield and Pittsfield, which offer more extensive amenities and services. Chester serves as a delightful retreat for those looking to experience the quintessential New England lifestyle.

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