Quick facts: Taunton, MA

Quick Facts

119.6
Cost of Living
above US average
59,922
Population
14.02
Crime Rate per 1000
below US average
$72,782
Median Income
below US average
$475,000
Median House Price
above US average
$2182.68
Average Rent
above US average
9%
Poverty Rate
below US average
4.7%
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 $72,782.

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Income Needed to Buy

βœ— Stretch
$149k/year
Based on $475,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $149k vs median $72,782
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Income Needed to Rent

⚠ Stretch
$94k/year
Based on $2182.68/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $94k vs median $72,782
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Taunton, MA

Taunton, located in Bristol County, Massachusetts, is a historic city with a rich colonial heritage. Known as the "Silver City," Taunton gained prominence in the 19th century for its silverware production and remains a hub for craftsmanship and industry. The city's charming downtown area features a mix of historic buildings, local shops, and eateries, making it a delightful place to explore. Taunton is home to several parks and recreational areas, including the scenic Myles Standish State Forest, which offers hiking, fishing, and camping opportunities. The city also boasts a variety of cultural attractions, such as the Taunton Art Museum and the Old Colony History Museum, providing insights into the area's rich history. The city is conveniently located approximately 40 miles south of Boston and 25 miles north of Providence, Rhode Island, making it accessible for commuters. Its location along major highways facilitates easy travel to surrounding areas. Taunton's blend of historical charm, recreational opportunities, and community spirit makes it an inviting place to live and visit.

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