Thursday, May 20, 2021

Report: Dorchester Housing 64% More Affordable Than U.S. Average


U.S. housing costs are soaring! (Thanks to Joe Biden and the inflation enablers in Congress.) 

Fortunately, if you live in Dorchester, you're in a much more affordable area than many others in America.

We want to remind Dorchester residents of our community's best-kept secret: it's cost-of-living advantage.  

Most readers know already that we have it pretty good in Dorchester. Now it has been confirmed by Sperling's Best Places, a national website that provides data on thousands of metro areas, cities and neighborhoods.  

We used Sperling's cost-of-living index to see how Dorchester stacks up. Keep in mind that Sperling's indices are based on a U.S. average of 100.  An amount below 100 means Dorchester is cheaper than the U.S. average. A cost-of-living score above 100 means Dorchester is more expensive.  

Below are the results:


Here's what the analysis tells us:
  • Housing (almost always a family's biggest expense) is a whopping 64% cheaper in Dorchester than the U.S. average.  This include mortgage, rent and property tax.  
  • Utilities are about 8% less than the U.S. average in Dorchester.
Other key findings from our research elsewhere on the Web:
  • Dorchester holds a cost-of-living advantage over Crete, Friend, Wilber, Milford, and other nearby communities.
  • A site called AreaVibes.com gives Dorchester an A+ for its public school.
  • AreaVibes also says Dorchester's median home price is $92,200, compared to the statewide median price of $137,300 and the U.S. median price of $184,700.

No comments:

Post a Comment

Village Dweller checks all reader comments to determine if they are appropriate for print.