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Cost of Living in Chicopee, MA

Population 55,295 · Census ACS 2020–2024 5-year estimates

Median rent$1,157
Median home value$274,500
Median household income$62,615

The median rent in Chicopee, MA is $1,157/month, 34% lower than the Massachusetts median and 18% lower than the U.S. median. The median home value is $274,500, 17% lower than the national median. Households earn a median of $62,615 a year, 40% lower than the state median.

Affordability

Rent as a share of median income: 22.2%
Income needed for median rent (30% rule): $46,280/yr
Home price-to-income ratio: 4.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,388/mo

Run your own numbers: mortgage calculator · hourly to salary

Chicopee vs. Massachusetts vs. U.S.

ChicopeeMassachusettsU.S.
Median rent$1,157$1,762$1,413
Median home value$274,500$562,100$332,700
Median household income$62,615$103,960$80,734
Homeownership rate55.7%62.5%65.2%
Bachelor's degree or higher22.9%47.3%35.7%
Poverty rate17.3%10.0%12.5%
Unemployment rate6.3%5.2%5.2%
Work from home8.0%18.6%15.1%
Median age41.940.038.9

FAQ

What is the average rent in Chicopee, MA?

The median gross rent in Chicopee, MA is $1,157 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Chicopee, MA?

Using the common 30% rule, renting a median-priced home takes about $46,280 a year in gross income.

Is Chicopee, MA expensive to live in?

Rent there is 18% lower than the U.S. median, and the median home costs about 4.4 times the median household income.

Other cities in Massachusetts

Boston, MARent $2,147 · Income $97,344Worcester, MARent $1,487 · Income $70,102Springfield, MARent $1,144 · Income $52,656Cambridge, MARent $2,787 · Income $130,748Lowell, MARent $1,625 · Income $78,658Brockton, MARent $1,641 · Income $80,115

Cities with a similar cost of living

Abilene, TXRent $1,157 · Income $62,648Westland, MIRent $1,158 · Income $62,076Port Angeles, WARent $1,170 · Income $62,606East Ridge, TNRent $1,147 · Income $62,247Green Valley, AZRent $1,171 · Income $62,063Woonsocket, RIRent $1,161 · Income $61,059

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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