salaryRent is higher than in 84% of U.S. cities. A typical house costs about 5.5 years of household income. It is a highly educated city: 55.9% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $98,240 a year. That is $47 an hour at a full-time job.
Is rent cheaper than other Massachusetts cities?
No. Rent here is more expensive than in most of Massachusetts. It is number 68 of 123 cities from cheapest to most expensive.
How much do households earn in Stoneham?
Share of households by yearly income. 47.0% of households earn $100,000 or more.
Rent by apartment size in Stoneham
| Size | Stoneham | U.S. average |
|---|---|---|
| Studio | $1,639 | $1,338 |
| 1 bedroom | $2,004 | $1,324 |
| 2 bedrooms | $2,351 | $1,509 |
| 3 bedrooms | $3,333 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Stoneham overall?
Everyday prices in Massachusetts overall are 6% above the U.S. average (index 105.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Stoneham, so the Massachusetts figure is shown.
Taxes and bills in Stoneham
Life in Stoneham
Is it cheaper to rent or buy in Stoneham?
Renting is cheaper right now: about $2,206 a month less.
Owning assumes a typical $671,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $67,190 for the down payment.
Frequently asked questions
What is the average rent in Stoneham, MA?
Renting in Stoneham costs a median of about $2,456 a month in 2026, including utilities. The Massachusetts median is $2,331.
How much do I need to make to live in Stoneham?
To keep rent under 30% of income, you need about $98,240 a year, or $47 an hour at a full-time job.
Is Stoneham cheap or expensive?
Stoneham is rated OK: rent takes 24.0% of the typical household income of $122,910. It ranks 68th cheapest of 123 Massachusetts cities we track.
How much are property taxes in Stoneham?
The median homeowner in Stoneham pays $6,523 a year in property taxes, about 0.97% of the median home value.
Is Stoneham more expensive than the national average?
Overall prices in Massachusetts are 6% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Stoneham?
The median home value in Stoneham is $671,900, about 5.5 times the typical yearly household income.
23,355 people live in Stoneham. Numbers are typical (middle) values.