Cost of Living in Needham, MA
Population: 32,059 • 2026 Data
$212,241
Median Household Income
+174% vs national
$2,412
Median Monthly Rent
+79% vs national
$1,146,000
Median Home Value
+238% vs national
4.5%
Unemployment Rate
Housing in Needham
The median home value in Needham, MA is $1,146,000. Monthly rent for a typical unit averages $2,412, while total monthly housing costs (including utilities and insurance) average $3,325.
Rent-to-income ratio: 13.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Needham, MA is $212,241. The unemployment rate stands at 4.5%, with a labor force of 16,401 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.