Chelsea 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.
IndexChelseaMassachusettsNational
Cost of living index131130100
IndexChelseaMassachusettsNational
Goods & Services index127111100
Groceries index108113100
Health care index124111100
Housing index142167100
Transportation index116117100
Utilities index156126100
An overview of the general cost of living index for Chelsea, MA is displayed above for your reference. Residents in Chelsea, MA enjoy a cost of living index of 131. This index is 1% higher than the Massachusetts average, and 31% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Chelsea, MA, the average cost of goods and services is 15% higher than it is in Massachusetts, and it is 27% higher than the national average.

Did you know?

  • The cost of living in Chelsea is 1% higher than the Massachusetts average.
  • The cost of living in Chelsea is 31% higher than the national average.
  • The cost of housing in Chelsea is 42% 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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Salary Calculator

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Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in Chelsea, MA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Chelsea, MA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Chelsea, MA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$73,470$6,123$1,714$2,204
Renters$37,071$3,089$865$1,112
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Chelsea, MA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Chelsea, MA homeowners, is $73,470. This would allow for a maximum of $1,714 per month to be spent on housing costs. For renters, the median monthly income is $37,071 which would result in a maximum of $865 to be spent on rental 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%
When considering the overall cost of living expenses in Chelsea, MA, it's important to take into account the sales tax for Massachusetts, as well as the rate for income tax in Massachusetts. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Massachusetts is 6.25%, and the sales tax in the state of Massachusetts is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Massachusetts starts from 5.15% and goes up to 5.15%.

Goods & Services

ItemChelseaNational 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

ItemChelseaNational 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

ItemChelseaNational 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

ItemChelseaNational avg.Difference
Home Price $261,200.00$175,700.0048.7%
Avg. Mortgage Payment $1,761.00$1,081.0362.9%
Apartment Rent $1,165.00$920.0026.6%

Transportation

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

Utilities

ItemChelseaNational 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.
Lynn, MA91,28912828%
Salem, MA42,32113535%
Revere, MA53,25813636%
Weymouth Town, MA54,81513737%
Everett, MA42,75813737%
Chelsea, MA37,08413131%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Northglenn, CO37,0751022%
Westerville, OH37,10199-1%
Mission Bend, TX37,11093-7%
Monrovia, CA37,03515454%
Marana, AZ37,0281066%
Chelsea, MA37,08413131%
Source: The Chelsea, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.