Agawam Town cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAgawam TownMassachusettsNational
Cost of living index119132100
IndexAgawam TownMassachusettsNational
Goods & Services index120117100
Groceries index120108100
Health care index119121100
Housing index120167100
Transportation index122109100
Utilities index112129100
Displayed above is a general overview of the Agawam Town, MA cost of living index. The overall cost of living index in Agawam Town, MA is 119, which is 9% lower than the Massachusetts average and 19% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Agawam Town, MA are 2% higher than the Massachusetts average and 20% higher than the national average.

Did you know?

  • The cost of living in Agawam Town is 9% lower than the Massachusetts average.
  • The cost of living in Agawam Town is 19% higher than the national average.
  • The cost of housing in Agawam Town is 20% higher than the national average.
  • Massachusetts general sales tax is 23% higher than the national average.
  • Massachusetts state income tax is 132% higher than the national average.

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Compare Agawam Town, MA Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in Agawam Town, MA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Agawam Town, MA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Agawam Town, MA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,630$6,469$1,811$2,329
Renters$34,091$2,841$795$1,023
The affordability of the housing market in Agawam Town, MA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Agawam Town, MA homeowners, the median income is $77,630. This indicates that a monthly maximum of $1,811 should be spent by homeowners on all housing related costs. Renters have a median income of $34,091. This indicates that renters should have a maximum of $795 used for their rent related monthly costs.

Massachusetts Sales Tax

StateGeneral Sales TaxWith Max Surtax
Massachusetts6.25%6.25%

Massachusetts Income Tax

StateIncome Tax (Low)Income Tax (High)
Massachusetts5.15%5.15%
The Massachusetts sales tax and Massachusetts income tax rates should definitely be considered when determining the overall cost of living in Agawam Town, MA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Massachusetts sales tax is 6.25% and the maximum surtax is 6.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Massachusetts income tax rates range from 5.15% to 5.15%.

Goods & Services

ItemAgawam TownNational avg.Difference
Haircut $19.50$15.5625.3%
Beauty Salon $49.55$36.1137.2%
Toothpaste $3.49$2.4741.2%
Shampoo $1.12$0.9616.4%
Movie $9.95$10.131.8%
Bowling $7.17$4.7451.4%

Groceries

ItemAgawam TownNational avg.Difference
Ground Beef $6.26$3.9857.0%
Fried Chicken $1.67$1.4118.9%
Milk $2.51$2.0621.5%
Potatoes $4.16$2.9839.6%
Pizza $10.00$9.475.6%
Beer $9.82$8.7911.7%

Health Care

ItemAgawam TownNational avg.Difference
Optometrist $119.91$101.0418.7%
Doctor $124.96$107.4416.3%
Dentist $124.36$90.4237.5%
Ibuprofen $11.99$9.2829.2%
Lipitor $356.99$426.5016.3%

Housing

ItemAgawam TownNational avg.Difference
Home Price $228,500.00$175,700.0030.1%
Avg. Mortgage Payment $1,486.15$1,133.2331.1%
Apartment Rent $885.00$920.003.8%

Transportation

ItemAgawam TownNational avg.Difference
Gasoline $2.39$1.9919.7%
Tire Balancing $58.58$45.7628.0%

Utilities

ItemAgawam TownNational avg.Difference
All Electricity$212.66$163.8129.8%
Phone $24.95$28.3912.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Springfield, MA153,8361099%
Huntington, MA7851055%
Chicopee, MA55,60311212%
Holyoke, MA40,07911212%
Palmer Town, MA12,15511313%
Agawam Town, MA28,62611919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Suisun City, CA28,62712424%
Northampton, MA28,63712020%
Newburgh, NY28,61411717%
Millville, NJ28,6031011%
Russellville, AR28,58184-16%
Agawam Town, MA28,62611919%
Source: The Agawam Town, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.