Quick facts: Monument beach, MA

Quick Facts

119.6
Cost of Living
above US average
3,024
Population
0.66
Crime Rate per 1000
below US average
$93,688
Median Income
above US average
$579,900
Median House Price
above US average
$2614
Average Rent
above US average
3%
Poverty Rate
below US average
3.2%
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 $93,688.

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Income Needed to Buy

βœ— Stretch
$182k/year
Based on $579,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $182k vs median $93,688
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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 $93,688
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Monument beach, MA

Monument Beach is a charming coastal neighborhood located in Bourne, Massachusetts, situated on the picturesque Cape Cod. Nestled along the shores of Cape Cod Canal, this small community offers stunning views and a tranquil atmosphere, making it a popular destination for summer visitors and year-round residents alike. The area is known for its beautiful beaches, including the sandy shores of Monument Beach, which is perfect for swimming, sunbathing, and picnicking. The neighborhood is also home to several recreational opportunities, including boating, fishing, and hiking in nearby nature reserves. With a rich history tied to maritime activities, Monument Beach boasts a friendly, tight-knit community, featuring local shops, restaurants, and amenities that reflect the quaint charm of Cape Cod. The easy access to both the canal and surrounding attractions, such as the Cape Cod National Seashore, make it an ideal spot for those looking to enjoy the natural beauty and recreational activities that the area has to offer. Overall, Monument Beach is a delightful destination for anyone seeking the quintessential Cape Cod experience.

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