Wakefield, MA
Discover how far your salary goes in Wakefield. Compare taxes, rent, and living costs.
27,090
5.0%
$1,995
/month
+43%
above avg
How far would your salary go in Wakefield?
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Rent Prices in Wakefield
Studio
$1,596
/month
$19,152/year
1 Bedroom
$1,995
/month
$23,940/year
2 Bedroom
$2,693
/month
$32,316/year
3 Bedroom
$3,491
/month
$41,892/year
Taxes in Massachusetts
State Income Tax
Massachusetts
For a $100k salary, that's ~$5,000/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in Wakefield, MA?▼
Wakefield has a cost of living index of 170, which is 70% above the national average. A 1-bedroom apartment costs around $1,995/month.
What is the state income tax in Massachusetts?▼
Massachusetts has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.
How much is rent in Wakefield?▼
The median rent for a 1-bedroom apartment in Wakefield is $1,995/month. For a 2-bedroom, expect to pay around $2,693/month. This is 43% above the national average.
Is Wakefield a good place to live?▼
Wakefield is a town with a population of 27,090. The cost of living is expensive, making it more expensive than average for the US.
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