Cost of Living in Amherst

Amherst's cost of living centers on a real, disclosed tension: housing costs meaningfully below Greater Boston's, paired with a genuinely high property tax burden that a 2025 analysis found makes Amherst the least affordable Massachusetts community by tax-bill-to-income.

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Housing costs below Greater Boston, but real in absolute terms

Amherst's typical home value ran approximately $487,354 per Zillow's 2026 figure (a separately-cited, seasonally adjusted mid-tier figure ran somewhat lower, approximately $427,942) -- meaningfully below Greater Boston's costs while still a real, substantial expense.

A genuinely high property tax rate

Amherst's total FY2025-26 mil rate ran $17.95 per $1,000 of assessed value -- the 14th-highest in Massachusetts -- producing an average FY2026 single-family bill of $9,693, an effective rate of roughly 1.79%, genuinely above the state's 1.00%-1.17% average.

The state's least-affordable-by-income finding, explained

A 2025 Amherst Indy analysis found Amherst leads Massachusetts in average tax bill as a share of per-capita income -- a real, distinct measure from the rate itself, substantially explained by Amherst's large student population depressing the town's per-capita-income denominator rather than an unusually extreme rate alone.

A genuinely high household income base for non-student residents

Amherst's median household income is cited at $87,001 per current ACS 5-year estimates, alongside Massachusetts's statewide flat 5% income tax (plus the 4% surtax above $1,107,750) and uniform 6.25% sales tax with no local add-on.

Key takeaways

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Last reviewed: 2026-08-25. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.