Living in Stoneham, Massachusetts
Cost of living, income, home prices, rent and demographics of Stoneham · Census data 2020–2024
Stoneham has 23,355 residents with a median age of 42.2. The median household income is $113,964 (10% higher than the Massachusetts median), the median home value is $671,900, the median rent is $2,035/month.
Stoneham at a glance
- Population
- 23,355
- Median age
- 42.2State: 40
- Median household income
- $113,964State: $103,960
- Median home value
- $671,900State: $562,100
- Median rent
- $2,035/moState: $1,762
- Homeowners
- 71%
- Bachelor's degree or higher
- 55.9%
- Average commute
- 28 min
Is Stoneham a good place to live?
Pros: Median household income 10% higher than the Massachusetts median; an average commute of 28 minutes; unemployment of 2.2%; a poverty rate of 5.4%.
Cons: Home values 20% higher than the state median.
The weather is best in June to September.
Cost of living in Stoneham
Housing is the biggest part of the cost of living. In Stoneham the median home value is $671,900, 102% higher than the U.S. median. Renters pay a median of $2,035 per month, which is 27.4% of household income. Homeowners with a mortgage pay $3,090 a month in housing costs.
Stoneham median household income
The median household income in Stoneham is $113,964 and the income per person is $62,866. 5.4% of residents live below the poverty line (Massachusetts: 10%).
Housing in Stoneham: homes for sale and rent
- Housing units
- 10,196
- Owner-occupied
- 71%
- Renter-occupied
- 29%
- Vacant
- 4.4%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.39
Stoneham demographics
- Population
- 23,355
- Median age
- 42.2
- Under 18
- 20.8%
- 65 and older
- 20.4%
- Households
- 9,749
- Foreign-born
- 11.7%
- Veterans
- 6.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Stoneham ›
Education in Stoneham
55.9% of adults 25 and older in Stoneham have a bachelor's degree or higher (Massachusetts: 47.3%), and 23.5% have a graduate or professional degree.
Jobs and commute in Stoneham
- Unemployment rate
- 2.2%State: 5.2%
- Average commute
- 28 minState: 29 min
- Work from home
- 24.6%
- Drive alone
- 66.8%
- Public transit
- 2.5%
- Walk to work
- 1%
- Homes with broadband
- 93.7%
Stoneham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Stoneham | 23,355 | $113,964 | $671,900 | $2,035 |
| Melrose | 29,650 | $133,953 | $822,900 | $1,970 |
| Wakefield | 27,793 | $134,306 | $723,500 | $1,958 |
| Winchester | 23,406 | $230,198 | $1,215,200 | $2,279 |
| Woburn | 41,939 | $111,185 | $673,500 | $2,221 |
| Medford | 59,354 | $129,540 | $755,500 | $2,509 |
| Malden | 65,906 | $100,606 | $633,500 | $2,204 |
| Reading | 25,612 | $165,912 | $809,000 | $1,991 |
| Saugus | 28,773 | $101,539 | $603,400 | $2,241 |
More for people moving to Stoneham
Stoneham ZIP code ›Weather and climate ›Living in Stoneham: FAQ
What is the median household income in Stoneham, MA?
The median household income in Stoneham is $113,964, 10% 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 Stoneham?
The median home value in Stoneham is $671,900, compared with $562,100 in Massachusetts.
How much is rent in Stoneham?
The median gross rent in Stoneham is $2,035 per month, about 27.4% of household income.
Is Stoneham, MA a good place to live?
Pluses: median household income 10% higher than the Massachusetts median; an average commute of 28 minutes; unemployment of 2.2%; a poverty rate of 5.4%. Minuses: home values 20% higher than the state median.
What is the median age in Stoneham?
The median age in Stoneham is 42.2 years (Massachusetts: 40).
How long is the commute in Stoneham?
The average commute to work in Stoneham is 28 minutes; 24.6% of workers work from home.
What is the unemployment rate in Stoneham?
The unemployment rate in Stoneham is 2.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Stoneham?
55.9% of adults in Stoneham 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.
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