(WHDH) — A new study has pinpointed the 10 most affordable places to live in Massachusetts by analyzing local property tax data, homeowners’ insurance, and home costs relative to income.

SmartAsset, a financial technology company, found that Athol was the most affordable Bay State community with average closing costs of $3,154, an annual property tax of $2,411, an annual homeowner’s insurance rate of $528, and an average annual mortgage payment of $7,004. Residents of the town are said to have a median income of $50,714.

Bellingham, Longmeadow, Palmer, and Agawam rounded out the top five most affordable communities.

For a full look at the top 10 most affordable places, check out the table below:

RankCityAvg. Closing CostsAnnual Property TaxAnnual Homeowner’s InsuranceAvg. Annual Mortgage PaymentMedian IncomeAffordability Index
1Athol, MA$3,154$2,411$528$7,004$50,71436.64
2Bellingham, MA$3,556$3,535$974$12,925$85,84436.08
3Longmeadow, MA$4,593$7,179$1,288$17,086$114,27132.53
4Palmer Town, MA$2,854$3,383$723$9,593$60,33331.77
5Agawam Town, MA$2,319$3,377$868$11,511$67,21931.05
6Adams, MA$3,297$2,799$578$7,665$47,59330.39
7Franklin Town, MA$3,442$5,510$1,610$21,363$115,35529.42
8Wilmington, MA$5,589$5,895$1,715$22,752$122,81328.97
9Somerset, MA$3,687$3,952$1,043$13,835$76,31128.96
10Pinehurst, MA$5,022$4,871$1,481$19,654$105,00028.85


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