Quick facts: Tewksbury, MA

Quick Facts

119.6
Cost of Living
above US average
31,388
Population
3.82
Crime Rate per 1000
below US average
$111,000
Median Income
above US average
$595,000
Median House Price
above US average
$2870.28
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.6%
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 $111,000.

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Income Needed to Buy

βœ— Stretch
$187k/year
Based on $595,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $187k vs median $111,000
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Income Needed to Rent

⚠ Stretch
$123k/year
Based on $2870.28/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $123k vs median $111,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tewksbury, MA

Tewksbury, Massachusetts, is a suburban town located in Middlesex County, positioned approximately 25 miles north of Boston. Known for its rich history dating back to the 17th century, Tewksbury offers a blend of residential living and commercial development. The town's population is around 30,000 residents, making it a vibrant community with a small-town feel. Tewksbury boasts abundant parks and recreational facilities, including the Tewksbury State Hospital grounds and the scenic Shawsheen River area, which provide opportunities for outdoor activities such as hiking, fishing, and picnicking. The town is served by a strong educational system, with several elementary, middle, and high schools. Shopping and dining options are plentiful, with various local businesses and national chains along Route 38. The proximity to major highways like I-93 and I-495 facilitates easy access to Greater Boston and surrounding areas, making Tewksbury a convenient choice for commuters. Community events, local festivals, and a robust recreational program foster a sense of belonging among residents, making Tewksbury a welcoming and family-friendly place to live.

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