Quick facts: Weymouth, MA

Quick Facts

115.2
Cost of Living
above US average
57,410
Population
10.05
Crime Rate per 1000
below US average
$95,879
Median Income
above US average
$649,000
Median House Price
above US average
$2546.6
Average Rent
above US average
5%
Poverty Rate
below US average
3.9%
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 $95,879.

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Income Needed to Buy

βœ— Stretch
$204k/year
Based on $649,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $204k vs median $95,879
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Income Needed to Rent

⚠ Stretch
$109k/year
Based on $2546.6/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $109k vs median $95,879
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Weymouth, MA

Weymouth, located in Norfolk County, Massachusetts, is a vibrant suburban community situated on the South Shore, just 15 miles south of downtown Boston. With a rich history dating back to the 17th century, Weymouth offers a blend of historical charm and modern amenities. The town features diverse neighborhoods, with a mix of residential areas, commercial districts, and recreational facilities. Outdoor enthusiasts can enjoy several parks and conservation areas, including the picturesque Great Esker Park and the scenic Hingham Bay. Weymouth's location provides easy access to beautiful beaches, such as Webb Park and Kingston Bay, making it an ideal spot for summer activities. The town is well-connected by public transportation, including the MBTA commuter rail and bus services, making it convenient for commuters traveling to Boston. Weymouth also hosts a variety of shops, restaurants, and cultural attractions, promoting a vibrant local economy. With a strong sense of community and excellent schools, Weymouth is a desirable place to live, offering a suburban lifestyle while being close to the bustling city life of Boston.

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