CNS News–Do you need a cheap place to live in the Bay State? The cheapest city isn’t some remote rural backwater; it’s a vibrant seaside metropolis rich in history and culture, which may come as a surprise to you. In this article, we will go over the many benefits that New Bedford offers its citizens and why it is the most affordable city in Massachusetts.
Among all of Massachusetts, New Bedford is the Most Affordable City to Call Home With an average property value of $364,427 and a 7.7 percent unemployment rate, New Bedford is the most affordable city in Massachusetts. New Bedford, a coastal town in Bristol County, is home to about 95,000 people.
In addition to housing the country’s biggest fishing fleet, it boasts an interesting past as a center for textile manufacture and whaling. Attractions such as the New Bedford Art Museum, Zeiterion Theatre, and the New Bedford Whaling Museum contribute to the city’s vibrant arts and culture scene.
The closeness of New Bedford to Providence, RI has played a role in its expansion. Making the city a better place to live and work, the city has also put money into improving public safety, education, and infrastructure. New Bedford has a lower-than-average cost of living and a wide variety of housing options, including both modern flats and older homes.
Although there are other affordable cities in Massachusetts, New Bedford is one of them. Palmer Town, North Adams, Pittsfield, Chicopee, and Westfield are additional cities with properties that have advantageous pricing concerning income, property taxes, and median household income, according to a survey conducted by NewHomeSource.
Comparison of New Bedford and other Massachusetts Cities
| About New Bedford | |
| Population | 95,000 |
| Median home value | $364,427 |
| Unemployment rate | 7.70% |
| Violent crime rate | 9.8 per 1,000 residents |
| Property crime rate | 35.2 per 1,000 residents |
| Poverty rate | 21.30% |
| Graduation rate | 76.00% |
New Bedford is a seaside city in Bristol County, Massachusetts, home to around 95,000 people. With a rich past as a textile manufacturing center and whaling port, it is now home to the largest fishing fleet in the country. The Zeiterion Theatre, New Bedford Art Museum, and New Bedford Whaling Museum are just a few of the vibrant cultural institutions in the area.
The median home price in New Bedford is $364,427, while the unemployment rate is 7.7 percent, making it the most affordable city in Massachusetts. The cost of living is lower than the state average, and there is a wide variety of housing options, from new apartments to old houses.
However, problems like as poverty, crime, and education are all challenges that New Bedford must face. The third most dangerous city in Massachusetts, with property crime at 35.2% and violent crime at 9.8% per 1,000 population. Furthermore, at 21.3%, it has a greater poverty rate than the state average of 9.4%. The city’s public school graduation rate is 76%, lower than the state average of 88%.
Having said that, New Bedford is far from being the only Massachusetts city with affordable housing. Aside from property taxes, other metrics used in the NewHomeSource study included median household income, home price-to-income ratio, and other similar metrics. Several other towns also cut: Chicopee, Westfield, Palmer Town, North Adams, and Pittsfield.
Read More News: This City Has Been Named the Cheapest Place to Live in Alaska!
Discover the Wallet-Friendly Gem: Cheapest City to Reside in Vermont Unveiled!
Conclusion
New Bedford may be the most inexpensive city in Massachusetts, but that’s not all it offers. Its distinct allure stems from its rich past, vibrant arts community, and closeness to Providence. Nevertheless, it continues to confront persistent problems such as poverty, crime, and education. Striking a balance between meeting social and educational needs and attracting economic investment is crucial for New Bedford’s future.
New Bedford is transforming and is becoming an interesting coastal community with a reduced cost of living. However, before you move there, it’s crucial to understand the problems and realities. Your priorities and level of preparedness to handle its complexity will determine if it’s a good fit for you.