Quick facts: Tyngsboro, MA

Quick Facts

119.6
Cost of Living
above US average
12,371
Population
5.66
Crime Rate per 1000
below US average
$141,070
Median Income
above US average
$765,000
Median House Price
above US average
$2601.38
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $141,070.

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Income Needed to Buy

βœ— Stretch
$240k/year
Based on $765,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $240k vs median $141,070
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Income Needed to Rent

βœ“ Affordable
$111k/year
Based on $2601.38/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($141,070) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tyngsboro, MA

Tyngsboro, Massachusetts, is a charming town located in Middlesex County, situated near the Merrimack River. With a population of around 12,000 residents, it offers a quiet, suburban atmosphere while still providing access to the amenities of nearby cities like Lowell and Nashua, NH. The town boasts a rich history, established in 1662, and features several historical sites, including the Tyngsborough Library, which is a focal point for community events and educational resources. Tyngsboro's scenic environment is enhanced by local parks such as the Tyngsborough Town Forest and the scenic views along the Merrimack River, ideal for outdoor activities like hiking, fishing, and picnicking. Residents enjoy a blend of rural and suburban lifestyles, with a variety of dining, shopping, and recreational options. The town is served by a mix of public and private schools, emphasizing a strong educational foundation for families. With its sense of community and proximity to larger urban centers, Tyngsboro is an attractive location for both young professionals and families.

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