Living in Southborough, Massachusetts
Cost of living, income, home prices, rent and demographics of Southborough · Census data 2020–2024
Southborough has 10,493 residents with a median age of 43.6. The median household income is $196,808 (89% higher than the Massachusetts median), the median home value is $821,100, the median rent is $2,496/month.
Southborough at a glance
- Population
- 10,493
- Median age
- 43.6State: 40
- Median household income
- $196,808State: $103,960
- Median home value
- $821,100State: $562,100
- Median rent
- $2,496/moState: $1,762
- Homeowners
- 88.2%
- Bachelor's degree or higher
- 76.2%
- Average commute
- 32 min
Is Southborough a good place to live?
Pros: Median household income 89% higher than the Massachusetts median; unemployment of 4.6%; a poverty rate of 3.7%.
Cons: Home values 46% higher than the state median; an average commute of 32 minutes.
The weather is best in May–June and August–September.
Cost of living in Southborough
Housing is the biggest part of the cost of living. In Southborough the median home value is $821,100, 147% higher than the U.S. median. Renters pay a median of $2,496 per month, which is 24.2% of household income. Homeowners with a mortgage pay $3,764 a month in housing costs.
Southborough median household income
The median household income in Southborough is $196,808 and the income per person is $95,790. 3.7% of residents live below the poverty line (Massachusetts: 10%).
Housing in Southborough: homes for sale and rent
- Housing units
- 3,908
- Owner-occupied
- 88.2%
- Renter-occupied
- 11.8%
- Vacant
- 3.4%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.75
Southborough demographics
- Population
- 10,493
- Median age
- 43.6
- Under 18
- 27%
- 65 and older
- 13.8%
- Households
- 3,777
- Foreign-born
- 23.8%
- Veterans
- 1.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Southborough ›
Education in Southborough
76.2% of adults 25 and older in Southborough have a bachelor's degree or higher (Massachusetts: 47.3%), and 45.1% have a graduate or professional degree.
Jobs and commute in Southborough
- Unemployment rate
- 4.6%State: 5.2%
- Average commute
- 32 minState: 29 min
- Work from home
- 31%
- Drive alone
- 60.9%
- Public transit
- 3.4%
- Walk to work
- 1.1%
- Homes with broadband
- 96.5%
Southborough vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Southborough | 10,493 | $196,808 | $821,100 | $2,496 |
| Cordaville | 2,989 | $165,375 | $765,900 | $1,844 |
| Marlborough | 41,647 | $91,968 | $513,100 | $1,871 |
| Ashland | 18,873 | $127,539 | $611,700 | $2,452 |
| Framingham | 72,399 | $107,419 | $627,300 | $2,033 |
| Westborough | 21,944 | $141,944 | $685,300 | $2,106 |
| Hopkinton | 19,358 | $222,801 | $802,700 | $2,641 |
| Hudson | 20,077 | $103,400 | $496,800 | $1,406 |
| Northborough | 15,750 | $153,199 | $620,000 | $1,919 |
More for people moving to Southborough
Southborough ZIP code ›Weather and climate ›Living in Southborough: FAQ
What is the median household income in Southborough, MA?
The median household income in Southborough is $196,808, 89% higher than the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Southborough?
The median home value in Southborough is $821,100, compared with $562,100 in Massachusetts.
How much is rent in Southborough?
The median gross rent in Southborough is $2,496 per month, about 24.2% of household income.
Is Southborough, MA a good place to live?
Pluses: median household income 89% higher than the Massachusetts median; unemployment of 4.6%; a poverty rate of 3.7%. Minuses: home values 46% higher than the state median; an average commute of 32 minutes.
What is the median age in Southborough?
The median age in Southborough is 43.6 years (Massachusetts: 40).
How long is the commute in Southborough?
The average commute to work in Southborough is 32 minutes; 31% of workers work from home.
What is the unemployment rate in Southborough?
The unemployment rate in Southborough is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Southborough?
76.2% of adults in Southborough have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: