Cost of Living in Somerville, MA
Population: 80,549 • 2026 Data
$127,056
Median Household Income
+64% vs national
$2,468
Median Monthly Rent
+83% vs national
$899,400
Median Home Value
+165% vs national
2.9%
Unemployment Rate
Housing in Somerville
The median home value in Somerville, MA is $899,400. Monthly rent for a typical unit averages $2,468, while total monthly housing costs (including utilities and insurance) average $2,539.
Rent-to-income ratio: 23.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Somerville, MA is $127,056. The unemployment rate stands at 2.9%, with a labor force of 57,855 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.