Braintree 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.
IndexBraintree TownMassachusettsNational
Cost of living index145130100
IndexBraintree TownMassachusettsNational
Goods & Services index127111100
Groceries index108113100
Health care index124111100
Housing index190167100
Transportation index116117100
Utilities index156126100
A general summary of the cost of living index in Braintree Town, MA is shown above. Compared to the state average of Massachusetts the cost of living index in Braintree Town, MA is 145, which is 12% higher than the average in Massachusetts and compared to the national average it is 45% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Braintree Town, MA goods and services come in at 15% higher than the average in Massachusetts and are 27% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Braintree Town is 12% higher than the Massachusetts average.
  • The cost of living in Braintree Town is 45% higher than the national average.
  • The cost of housing in Braintree Town is 90% 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 Braintree Town, MA Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Braintree Town, MA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Braintree Town, MA, you have to earn a higher income in order to still have the same standard of living. To operate the Braintree Town, MA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$102,704$8,559$2,396$3,081
Renters$49,462$4,122$1,154$1,484
The affordability of the housing market in Braintree 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 Braintree Town, MA homeowners, the median income is $102,704. This indicates that a monthly maximum of $2,396 should be spent by homeowners on all housing related costs. Renters have a median income of $49,462. This indicates that renters should have a maximum of $1,154 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%
For those who live in Braintree Town, MA and want to know what the true cost of living is, they ought to look at both the Massachusetts income tax rate and the Massachusetts sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Massachusetts, the sales tax is 6.25%, while the most you'll pay in surtax is 6.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Massachusetts, the income tax rate ranges between 5.15% to 5.15%.

Goods & Services

ItemBraintree TownNational avg.Difference
Haircut $19.67$14.5934.8%
Beauty Salon $54.00$34.6855.7%
Toothpaste $2.54$2.472.7%
Shampoo $1.00$1.022.2%
Movie $11.69$9.8718.5%
Bowling $5.75$4.3930.9%

Groceries

ItemBraintree TownNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.67$1.4614.1%
Milk $2.29$2.362.8%
Potatoes $3.29$3.067.5%
Pizza $10.00$9.248.2%
Beer $8.99$8.634.1%

Health Care

ItemBraintree TownNational avg.Difference
Optometrist $113.50$99.7813.8%
Doctor $151.00$105.0343.8%
Dentist $115.00$88.7029.6%
Ibuprofen $9.74$9.413.5%
Lipitor $310.83$298.504.1%

Housing

ItemBraintree TownNational avg.Difference
Home Price $368,100.00$175,700.00109.5%
Avg. Mortgage Payment $1,761.00$1,081.0362.9%
Apartment Rent $1,324.00$920.0043.9%

Transportation

ItemBraintree TownNational avg.Difference
Gasoline $2.35$2.0912.3%
Tire Balancing $57.29$45.2926.5%

Utilities

ItemBraintree TownNational avg.Difference
All Electricity$292.18$170.8071.1%
Phone $38.25$28.2635.4%
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.
Southfield, MA01033%
Brockton, MA94,26712525%
Chelsea, MA37,08413131%
Randolph, MA33,13513232%
Holbrook, MA10,92513333%
Braintree Town, MA36,54314545%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Richmond, IN36,52775-25%
Longview, WA36,5891077%
New Albany, IN36,49689-11%
Valrico, FL36,6031044%
Gadsden, AL36,62179-21%
Braintree Town, MA36,54314545%
Source: The Braintree Town, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.