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Wakefield, MA Utility & Living Guide
Living in Wakefield, MA offers a unique blend of small-town charm and access to big-city amenities just outside of Boston
Monthly Utility Costs
$150/mo
$80/mo
$50/mo
$30/mo
$70/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1800/mo |
| 2 Bedrooms | $2200/mo |
| 3 Bedrooms | $2800/mo |
| Median Home Price | $440,000 |
| Property Tax Rate | 1.23% |
| Avg Childcare/mo | $1200 |
The housing market in Wakefield is highly competitive, with a mix of older and newer homes available. The town has seen significant development in recent years, with many new condos and apartments being built. However, prices remain relatively high due to the town’s desirable location and strong school system.
Cost of Living
146
+20% above national average
108
102
105
$1200
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 6.25% |
| Property Tax Rate | 1.23% |
| <p>State 5.2% + No county tax</p> | |
Massachusetts has a flat state income tax rate of 5.2%, with no local income taxes
Family & Relocation
60
8/10
$1200/mo
City Pulse
Wakefield has a relatively stroller-friendly public transit system, with accessible buses and trains connecting to Boston
- Lake Quannapowitt
- Wakefield Town Hall
- Breakheart Reservation
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Wakefield based on your household profile.
📰 Live Local News
Wakefield has strict zoning laws and regulations regarding property use and development
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
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📊 Wakefield — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs in Wakefield tend to be higher in the winter due to heating costs, with the average household paying around $200-300 per month for gas and electricity. In the summer, costs are lower, but can still be around $150-200 per month due to air conditioning usage.
🏛️ Local Tax Details
The ZIP code 01880 has a property tax millage rate of 12.34, with no local surtaxes
👶 Family & Stroller Friendliness
8/10, with wide sidewalks, accessible parks, and elevators in most public buildings, but some areas with limited stroller access due to older infrastructure
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