Want to learn more about the people, culture and history of Babson Park City? This brief city profile will answer that question. Babson Park has a total population of 1,337 people. The median household income in this city is $48,452. See how well the community matches up to the state average. Also, see how many people live in single-family homes. If you're looking for a more luxurious apartment, you can choose one of the many available properties.
While it is possible to find affordable apartments and houses in Babson Park, be aware that many of these units are not occupied by their owners. In fact, you might be surprised to learn that nearly one-third of the people in this city live in rental units. The fact is, this high percentage may mean that the city is struggling financially. Despite this, it is important to note that rent burden is lower than in neighboring cities.
People in the area have specific financial goals in mind. Perhaps you want to save for something important or even become debt-free. If you're looking to save money, the loan payment can be very expensive, as the interest rate and monthly payment can add up fast. You're also likely to have more equity in your vehicle if you refinance it now. Fortunately, there are options for you to refinance your auto loan in Babson Park.