Quick facts: Dorchester, MA

Quick Facts

119.6
Cost of Living
above US average
91,982
Population
27.18
Crime Rate per 1000
above US average
$65,400
Median Income
below US average
$699,900
Median House Price
above US average
$3170.74
Average Rent
above US average
18%
Poverty Rate
above US average
5.2%
Unemployment Rate
above 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 $65,400.

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Income Needed to Buy

βœ— Stretch
$220k/year
Based on $699,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $220k vs median $65,400
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Income Needed to Rent

⚠ Stretch
$136k/year
Based on $3170.74/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $136k vs median $65,400
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Dorchester, MA

Dorchester is a vibrant and historically rich neighborhood located in Boston, Massachusetts. Known for its diverse population and community spirit, it is one of the largest neighborhoods in the city. Dorchester features a mix of residential areas, parks, and commercial hubs, with a blend of urban and suburban characteristics. The neighborhood is home to several parks and outdoor spaces, including the popular Franklin Park, a large green space that offers recreational activities and beautiful landscapes. Dorchester also boasts a variety of cultural venues, restaurants, and shops that reflect its multicultural heritage. Public transportation is accessible through the Massachusetts Bay Transportation Authority (MBTA), making it easy to connect to downtown Boston and other neighborhoods. Dorchester's educational institutions, including Boston College and the University of Massachusetts Boston, contribute to its dynamic atmosphere. Community events, local festivals, and a strong emphasis on community engagement make Dorchester a lively place to live and explore. With its rich history and evolving identity, Dorchester continues to attract new residents and visitors who appreciate its unique charm.

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