Cost of Living in New Bedford, MA
Population: 100,731 • 2026 Data
$56,025
Median Household Income
-28% vs national
$1,085
Median Monthly Rent
-20% vs national
$324,400
Median Home Value
-4% vs national
7.6%
Unemployment Rate
Housing in New Bedford
The median home value in New Bedford, MA is $324,400. Monthly rent for a typical unit averages $1,085, while total monthly housing costs (including utilities and insurance) average $1,184.
Rent-to-income ratio: 23.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in New Bedford, MA is $56,025. The unemployment rate stands at 7.6%, with a labor force of 49,178 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.