Chicopee 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.
IndexChicopeeMassachusettsNational
Cost of living index114130100
IndexChicopeeMassachusettsNational
Goods & Services index121111100
Groceries index128113100
Health care index119111100
Housing index96167100
Transportation index109117100
Utilities index128126100
The above illustration supplies generalized information for the Chicopee, MA cost of living index. Compared to other cities in Massachusetts and cities across the country, the cost of living index in Chicopee, MA is 114, which is 13% lower than the Massachusetts average and 14% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Chicopee, MA are 9% higher than the average for Massachusetts and 21% higher than the rest of the country.

Did you know?

  • The cost of living in Chicopee is 13% lower than the Massachusetts average.
  • The cost of living in Chicopee is 14% higher than the national average.
  • The cost of housing in Chicopee is 4% lower 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 Chicopee, MA Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Chicopee, MA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Chicopee, MA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Chicopee, MA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,927$5,327$1,492$1,918
Renters$31,914$2,660$745$958
The affordability of the housing market in Chicopee, 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 Chicopee, MA homeowners, the median income is $63,927. This indicates that a monthly maximum of $1,492 should be spent by homeowners on all housing related costs. Renters have a median income of $31,914. This indicates that renters should have a maximum of $745 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%
When you are determining the total cost of living in Chicopee, MA you will want to make sure you consider both the Massachusetts sales tax and the Massachusetts income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Massachusetts is 6.25%, with the highest surtax being 6.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Massachusetts have a range from 5.15% to 5.15%.

Goods & Services

ItemChicopeeNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $47.06$34.6835.7%
Toothpaste $3.22$2.4730.2%
Shampoo $1.17$1.0214.5%
Movie $10.07$9.872.0%
Bowling $7.17$4.3963.3%

Groceries

ItemChicopeeNational avg.Difference
Ground Beef $6.34$4.4841.6%
Fried Chicken $1.90$1.4629.8%
Milk $2.56$2.368.6%
Potatoes $4.51$3.0647.3%
Pizza $10.11$9.249.4%
Beer $10.03$8.6316.2%

Health Care

ItemChicopeeNational avg.Difference
Optometrist $116.73$99.7817.0%
Doctor $123.77$105.0317.8%
Dentist $122.94$88.7038.6%
Ibuprofen $11.38$9.4120.9%
Lipitor $267.92$298.5010.2%

Housing

ItemChicopeeNational avg.Difference
Home Price $174,300.00$175,700.000.8%
Avg. Mortgage Payment $1,493.00$1,081.0338.1%
Apartment Rent $814.00$920.0011.5%

Transportation

ItemChicopeeNational avg.Difference
Gasoline $2.44$2.0916.6%
Tire Balancing $39.98$45.2911.7%

Utilities

ItemChicopeeNational avg.Difference
All Electricity$265.73$170.8055.6%
Phone $24.95$28.2611.7%
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, MA153,83611010%
Huntington, MA785100-0%
Holyoke, MA40,07911414%
Palmer Town, MA12,15511515%
Russell, MA5441022%
Chicopee, MA55,60311414%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Coconut Creek, FL55,5901011%
Decatur, AL55,64188-12%
Santee, CA55,43513131%
Anderson, IN55,78982-18%
New Brunswick, NJ55,80411919%
Chicopee, MA55,60311414%
Source: The Chicopee, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.